Ethical and Professional Standards MCQs

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Recommended procedures to comply with the Standard concerning priority of transactions are least likely to include:





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Juan Perez, CFA, is a research analyst for a large Wall Street brokerage firm where he follows the pharmaceuticals industry. While a large pharmaceuti...





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Allen Winkler, CFA, an equity analyst, recently had lunch with his former professor, Kim Thompson. Thompson told him about a new theoretical stock val...





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Fran Lester, CFA, lives in a country that permits equity brokers receive shares in oversubscribed IPOs only with their employers permission. She works...





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Diane Harris, a CFA Institute member, is a portfolio manager Worldwide Investments. Robert Cline, one of her clients, her the use of his condominium i...





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Stan White, CFA, heads the marketing department of a large brokerage firm, American Securities. He reports directly to the president of the firm, who ...





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Six months ago, Tom Hayes, CFA, left his position as a portfolio manager and accepted a position as senior portfolio manager at a smaller boutique fir...





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The CFA Institute Code of Ethics most likely requires members and candidates to:





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Craig Boone, a Level I CFA candidate, is a trader on the fixed income desk at a large financial institution. He has observed that one of salesmen on t...





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WEB, an investment-banking firm, is the principal underwriter for MTEXs upcoming debenture issue. Lynn Black, CFA, is an analyst with WEB, and she lea...





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Which of the following statements about a CFA charter holder or candidate is in compliance with the Code and Standards?





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Mary Walters, CFA, is a trust officer at a regional branch of Money Center bank. She has entered into a referral agreement whereby she will refer clie...





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Ronaldo Jenkins, CFA, is chief investment officer of Wind watch Advisors, a discretionary investment advisory firm. With over 15 years experience in ...





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While visiting Cassori Company, Mark Ramsey, CFA, overhears management make comments that are not public information not really meaningful by themselv...





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Compliance with the Global Investment Performance Standards likely requires firms to:





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Which of the following describes what an employee behind a firewall should first do if he or she needs to share confidential information about an iss...






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Why do the Code and Standards recommend that investment personnel not participate in equity initial public offerings (IPOs)?






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According to the Code and Standards, what is the first step that a member should follow if he or she has grounds to believe that imminent or ongoing ...






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According to the Code and Standards, which of the following best describes appropriate conduct related to the acceptance of gifts from clients?






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Which of the following is NOT a procedure of compliance with respect to the standard “independence and objectivity?”






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According to the Code and Standards, which of the following actions is proper with regard to investing in oversubscribed issues?






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According to the Code and Standards, which of the following actions is proper with regard to investing in oversubscribed issues?






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According to the Code and Standards, which of the following actions is proper with regard to investing in oversubscribed issues?






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According to the Code and Standards, which of the following actions is proper with regard to investing in oversubscribed issues?






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According to the Code and Standards, which of the following actions is proper with regard to investing in oversubscribed issues?






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According to the Code and Standards, which of the following actions is proper with regard to investing in oversubscribed issues?






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Carl St. Germaine believes that reports published by his firm and used as part of presentation materials contain sections that are in violation of th...






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Joanna Wasic is a research analyst for a fund of hedge funds. She learns that a portion of the firm’s research, prepared by another department, inc...






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Nadia Petrav is an investment advisor and holds a professional designation that requires all members to adhere to the Code and Standards. She works f...






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Sharma Vora, a research analyst for the pharmaceutical industry, has recommended that the firm take an equity interest in CISDA, a small biotechnolog...






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Which of the following categories under “Professionalism” in the Standards of Practice admonishes members and candidates against professional dis...






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Quan Yang has terminated her professional relationship with Ten Peller Investments (TPI) and has started her own hedge fund . Ms. Yang clearly served...