*NURSING > A-Level Question Paper > CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers,100- CORRECT (All)

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers,100- CORRECT

Document Content and Description Below

1. The CFA Institute Professional Conduct Program is covered by A. The CFA Institute Bylaws B. United States of America federal law C. The local laws of whichever country members reside in 2. Whic... h circumstances can prompt an inquiry into member conduct? A. Self disclosure of an oral complaint B. Self disclosure of a written complaint C. Oral complaints received from the general public 3. What isthe Designated Officer empowered to do? A. Issue a cautionary letter B. Apply a binding sanction C. Suspend participation in the CFA program 4. Which of the following is part of the Code of Ethics? A. Members and Candidates have a duty of loyalty to their clients and must act with reasonable care and exercise prudent judgment. B. Members and Candidates must act for the benefit of their clients and place their clients’ interests before their employer’s or their own interests. C. Members and Candidates must promote the integrity of and uphold the rules governing capital markets If you need a professional to complete your college homework at a small fee, then reach out to amazingclasshelp.com 5. Gillian Green’s employer – AXN Investments, is acting as the lead manager for a bond issue by one of its clients, Kirin Industries. Gillian discovers a discrepancy between the first and second draft of Kirin’s most recent quarterly accounts; the discrepancy indicates that Kirin is trying to hide significant losses for the quarter. Which of the following is Gillian’s best of course of action? A. Notify hersupervisor in AXN Investments B. Disassociate herself with any further dealings with Korin C Notify an appropriate regulator 6. Xander Moore is an equity analyst who is in the process of switching employers. He left RedRock Investment Managers on 28 February and will take up his new position with DDhS Advisors on 1 May. He is approached by the CEO of APS Camps, a rapidly growing company offering sporting activities to the young, who asks Xander to write a report on APS Camps. He would be paid a flat fee plus a percentage of any funds received from share purchases following his report. What is Xander’s best course of action? A. To accept the commission from APS Camps B. To not accept the commission from APS Camps C. Obtain approval from his new employer prior to accepting the commission from APS Camps 7. At the end of last year Inge Woudstra set up a new Hedge Fund, called FundInge, using the redundancy settlement she received from her previous employer as 50% of the funds invested, the remainder being invested by friends and family members. Using complex computer–based algorithms the fund generated returns of 12% above the benchmark return of 5% and achieved a high Sharp Ratio Inge wants to increase funds under management by offering the fund to new investors. She back tests the algorithms for a three year period and finds that the fund would have achieved similar levels of outperformance, in terms of return and Sharp ratios. She goes on to calculate the Total Expense Ratio and Maximum Drawdown. Inge draws up marketing material showing a four year performance history. Hasthere been a breach of the Code and Standards? [Show More]

Last updated: 1 year ago

Preview 1 out of 34 pages

Buy Now

Instant download

We Accept: