Hern Investments provides monthly emerging market research to Baker Brokerage in exchange for prospective client referrals and European equity research from Baker. Clients and prospects of Hern are no
A. Not violated the Code and Standards.
B. Violated the Code and Standards by using third-party research in discretionary accounts.
C. Violated the Code and Standards by failing to disclose the referral agreement with Baker.
查看答案
A distribution of returns that has a greater percentage of small deviations from the mean and a greater percentage of extremely large deviations from the mean compared to a normal distribution:
A. Is positively skewed.
B. Has positive excess kurtosis.
C. Has negative excess kurtosis.
Which of the following includes only sections of the Global Investment Performance Standards？
A. Disclosure,Public Equity,Presentation and Reporting.
B. Real Estate,Calculation Methodology,Fundamentals of Compliance.
C. Input Data,Composite Construction,Wrap Fee/Speculative Margin Account（SMA） Portfolios.
Ralph Salley, a Level I candidate in the CFA Program, is explaining Standard VI（B） Priority of Transactions, to his supervisor. Salley states, "The Standard recommends, but does not require, that
A. correct.
B. incorrect,because the Standard does not recommend that trades for family members be made after those for other clients.
C. incorrect,because the Standard requires that members and candidates not participate in initial public offerings.
A member or candidate who has supervisory responsibility:
A. Should place particular emphasis on enforcing investment-related compliance policies.
B. Is responsible for instructing those to whom he has delegated authority about methods to detect and prevent violations of the law and the Code and Standards.
C. Has complied with the Standards if she reports employee violations to upper management and provides a written warning to the employee to cease such activities.
微信支付 
支付宝支付