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Social investments:
Social investments:A . should never be used in pension fund investing.B . in pensions must be well thought- out, making sure that such investments are legal and do not impair the integrity of the funds in questions or the financial security of the participants or beneficiaries.C . none of these...
Standard IV (B.3) deals with ________.
Standard IV (B.3) deals with ________.A . Duty to EmployerB . Professional MisconductC . Interactions with Clients and ProspectsD . None of these answersE . Prohibition against Use of Material Nonpublic InformationF . Preservation of ConfidentialityG . Fair DealingH . Investment ProcessView AnswerAnswer: G Explanation: Standard IV (A) deals with...
Standard V (A) deals with ________.
Standard V (A) deals with ________.A . Prohibition against Use of Material Nonpublic InformationB . Disclosure of Conflicts to Clients and ProspectsC . Prohibition against MisrepresentationD . Disclosure of Referral FeesE . Performance PresentationF . Priority of TransactionsG . Preservation of ConfidentialityView AnswerAnswer: A Explanation: Standard V (A) prohibits members...
Argus is a large- accounts money manager with a high- profile hedge fund. He manages all his accounts in a very efficient manner and all his clients are satisfied with his performance. Argus has one character flaw, though. He is given to making sexually inappropriate comments in mixed company, touching female employees in inappropriate ways and cracking adult jokes loudly. This makes many of the other employees uncomfortable in his presence. Argus
Argus is a large- accounts money manager with a high- profile hedge fund. He manages all his accounts in a very efficient manner and all his clients are satisfied with his performance. Argus has one character flaw, though. He is given to making sexually inappropriate comments in mixed company, touching...
Chan and Chung are two of the five Managing Directors of Alfalfa, a mid- size hedge fund. In a recent court case involving a securities lawsuit, Chan was called on to testify as an expert on securities research. During his testimony, Chan had to invoke several results from a proprietary research carried out by his staff at Alfalfa. He did so without specifically attributing the results to them. At around the same time, Chung had to meet with a few prospective clients for a business presentation. During this presentation, he showed them some of the results obtained by Chan's team, without specifically acknowledging the research team. Instead, he referred to them with phrases like, "our studies indicate that..." In this set of events, as it relates to Standard II(C) - Prohibition against Plagiarism,
Chan and Chung are two of the five Managing Directors of Alfalfa, a mid- size hedge fund. In a recent court case involving a securities lawsuit, Chan was called on to testify as an expert on securities research. During his testimony, Chan had to invoke several results from a proprietary...
Which of the following can be found in Standard III?
Which of the following can be found in Standard III?A . Members must use the CFA designation in a dignified manner.B . If members receive material nonpublic information in confidence, they shall not breach that confidence by trading or causing others to trade in securities to which such information relates.C...
Which of the following can be found in Standard II?
Which of the following can be found in Standard II?A . Members shall make reasonable and diligent efforts to avoid any material misrepresentation in any research report or investment recommendation.B . Members must use the CFA designation in a dignified manner.C . Members shall comply with any prohibitions on activities...
Mirabelle is an experienced analyst who has worked for the investment research arm of Clifford & Clifford, Inc. for the past 7 years. Recently, TransOmega retained Clifford & Clifford to conduct a study on possible takeover candidates in the aviation industry. Mirabelle has been given the project and two assistants to conduct the research. During their review, Mirabelle's assistants located a research report created recently by Donaldson, a freelance analyst. Mirabelle found the report thorough, though she did not agree with many of Donaldson's conclusions. She carried out further inquiry along those lines and modified the report with new conclusions. She showed the completed report, with proper attributions to Donaldson in places where she had used his results, to a senior partner, John Cliff of Clifford & Clifford. The report was approved and released to TransOmega. In this case,
Mirabelle is an experienced analyst who has worked for the investment research arm of Clifford & Clifford, Inc. for the past 7 years. Recently, TransOmega retained Clifford & Clifford to conduct a study on possible takeover candidates in the aviation industry. Mirabelle has been given the project and two assistants...
What is the effective date for compliance with the AIMR- PPS for U.S. and Canadian investments?
What is the effective date for compliance with the AIMR- PPS for U.S. and Canadian investments?A . January 1, 1995B . January 1, 1992C . January 1, 1993D . January 1, 1994View AnswerAnswer: C Explanation: From January 1, 1993, going forward, all of the firm's actual discretionary fee- paying nontaxable...
Which of the following is true?
Trust Fund is a reasonably successful investment management firm that has as its clients a few pension plans. Trust Fund executes all of its trades with Prime Brokerage, an average brokerage firm. Prime Brokerage charges higher commissions than comparable players in the market but in return, provides investment research on...
