Đáp án đề thi CFA Level 1 năm 2010 từ phần Ethical and Professional Standard, Afternoon exam tới Financial Statement Analysis | 2010 Level I Mock Exam Afternoon Session ANSWERS AND REFERENCES Questions 1 through 18 relate to Ethical and Professional Standards. 1. Alexander Newton CFA is the chief compliance officer for Mills Investment Limited. Newton institutes a new policy requiring the pro rata distribution of new security issues to all established discretionary accounts for which the new issues are appropriate. The policy also provides for the distribution of new issues to newly established discretionary accounts where appropriate after their one-month anniversary date. This policy is disclosed to all existing and potential clients. Did Newton violate any CFA Institute Standards of Professional Conduct A. No. B. Yes because the distribution policy should treat all discretionary accounts equally. C. Yes because disclosure of inequitable allocation methods does not fulfill the duty for fair and equitable trade allocation procedures. Answer C Guidance for Standards I-VII CFA Institute 2010 Modular Level I Vol. 1 pp. 53-58 Study Session 1-2-a Demonstrate a thorough knowledge of the Code of Ethics and Standards of Professional Conduct by applying the Code and Standards to situations involving issues of professional integrity. Standard III B Fair Dealing requires when making investments in new offerings advance indications of interest should be obtained as well as providing for a method for calculating allocations. Additionally disclosure of inequitable allocation methods does not relieve a member from this obligation. By accessing this mock exam you agree to the following terms of use This mock exam is provided to currently-registered CFA candidates. Candidates may view and print the exam for personal exam preparation only. The following activities are strictly prohibited and may result in disciplinary and or legal action accessing or permitting access by anyone other than currently-registered CFA candidates copying posting to any website emailing distributing and or reprinting the mock exam
