下载APP
首页 > CFA > 试题中心 > 道德规范和专业行为准则

"morality" exercise:Ethics of investment industry

来源: 正保会计网校 2020-11-27
普通

学习是一个不断积累的过程,每天学习一点,每天进步一点!为了帮助大家更高效地备考2021年CFA考试,正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试,梦想成真!

Questions 1:

CFA Institute support of a local country sponsor to drive the adoption of the GIPS standards seeks to:

A、 provide a link between the governing body and the local markets.

B 、promote the standards as mandatory.

C 、translate the standards into the local language for use as the official governing version.

Questions 2:

Under what circumstances could a client possibly win a lawsuit against a financial adviser despite the financial adviser abiding by all regulatory and legal requirements?

A、 The adviser benefiting more from the relationship than the client

B 、The adviser not being subject to a code of ethics

C、 The adviser violating his employer’s published code of ethics

View answer resolution
【Answer to question 1】A

【analysis】

A is correct. Country sponsors provide an important link between the GIPS Executive Committee, the governing body for the GIPS standards, and the local markets in which investment managers operate. 

 B is incorrect because the standards are promoted as voluntary. 

C is incorrect because the official governing version of the standards is the English version and not the local language version.

【Answer to question 2】C

【analysis】

C is correct. If the client could prove the firm marketed its code of ethics (i.e., putting the interests of the client first) as a reason to hire the firm and the adviser violated the code, the court may rule in the client’s favor.

A is incorrect because an adviser can still act in a fiduciary manner while benefiting more than the client. This is particularly true when investment returns are unexpectedly negative and the client pays fees to the adviser. 

B is incorrect because unethical behavior is not necessarily illegal. However, if the client could prove the firm marketed their code of ethics (i.e., putting the interests of the client first) as a reason to hire the firm and the adviser violated the code, the court may rule in the client’s favor.

成功=时间+方法,自制力是这个等式的保障。世上无天才,高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩,其成绩背后无比寂寞的勤奋。小编相信,每天都在勤奋练习,即使是一点点的进步,大家一定可以成为人人称赞的“牛人”。更多CFA考试资讯,点击了解>

今日热搜
热点推荐:
CFA考试课程
CFA面授课程

CFA优享/旗舰面授课程

实时互动 备考无忧

大学生专享点击了解

CFA课程试听

扫码关注公众号
正保金融大讲堂

接收更多考试资讯

扫码找组织

有奖原创征稿
取消
复制链接,粘贴给您的好友

复制链接,在微信、QQ等聊天窗口即可将此信息分享给朋友
客服