Đáp án đề thi CFA Level 1 năm 2010, Morning exam từ phần Ethical and Professional Standard tới Financial Statement Analysis | 2010 Level I Mock Exam Morning Session ANSWERS AND REFERENCES Questions 1 through 18 relate to Ethical and Professional Standards. 1. According to the CFA Institute Code of Ethics and Standards of Professional Conduct trading on material nonpublic information is least likely to be prevented by establishing A. fire-walls. B. watch lists. C. selective disclosure. Answer C CFA Institute Standards 2010 Modular Level I Vol. 1 pp. 36-42 Study Session 1-2-c Recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct C is correct as selective disclosure occurs when companies discriminate in making material nonpublic information public. Corporations that disclose information on a limited basis create the potential for insider-trading violations. Standard II A . 2. William Wong CFA is an equity analyst with Hayswick Securities. Based on his fundamental analysis Wong concludes the stock of a company he follows Nolvec Inc. is substantially undervalued and will experience a large price increase. He delays revising his recommendation on the stock from hold to buy to allow his brother to buy shares at a lower price. Wong is least likely to have violated the CFA Institute Standards of Professional Conduct related to A. duty to clients. B. reasonable basis. C. priority of transactions. Answer B Guidance for Standards I-VII CFA Institute 2010 Modular Level I Vol. 1 pp. 48-50 80-81 94-95 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 for any purpose. Study Session 1-2-a Demonstrate a .
