- All Exams Instant Download
Under AIMR Rules of Procedure for the Proceeding Related to Professional Conduct, membership in AIMR and/or the right to hold and to use the CFA designation may be summarily suspended by AIMR's Designated Officer for the following misconduct:
Under AIMR Rules of Procedure for the Proceeding Related to Professional Conduct, membership in AIMR and/or the right to hold and to use the CFA designation may be summarily suspended by AIMR's Designated Officer for the following misconduct: I. Conviction for a crime that is defined as a felony or...
Fiduciaries are obligated to vote proxies:
Fiduciaries are obligated to vote proxies:A . none of these answers.B . on an "as needed" basis, depending on the issue at hand.C . only when there is a nonroutine governance issue.D . only when there is a change in firm capitalization.E . in an informed and responsible manner.F ....
With regard to real estate, all properties must be included in at least one ________.
With regard to real estate, all properties must be included in at least one ________.A . accountB . investment typeC . compositeD . sectorE . portfoliosView AnswerAnswer: C Explanation: Consistent with the general requirements for all composites, all properties with discretionary fee- paying investors must be included in at least...
In order to inform your employer that as a member of AIMR, you must abide by the code of ethics, you must:
In order to inform your employer that as a member of AIMR, you must abide by the code of ethics, you must:A . inform the legal department in writing.B . inform senior management in writing.C . inform your immediate supervisor in writing or by email.D . inform your supervisor in...
According to the Prudent Investor Rule, the trustee must:
According to the Prudent Investor Rule, the trustee must: - adhere to loyalty, impartiality and ________ - maintain overall portfolio risk at a reasonable level - provide for reasonable diversification of trust investments - act with prudence in deciding whether and how to delegate authority to experts and in selecting...
Which of the following AIMR Standards states that client transactions must have priority over transactions in which the analyst is a beneficial owner?
Which of the following AIMR Standards states that client transactions must have priority over transactions in which the analyst is a beneficial owner?A . VB . None of these answersC . VIID . VIView AnswerAnswer: B Explanation: It is Standard IV (B.4) which states that client transactions must have priority...
Standard I deals with ________.
Standard I deals with ________.A . Use of Professional DesignationB . Duty to EmployerC . Obligation to Inform Employer of Code and StandardsD . Professional MisconductE . PlagiarismF . Fundamental ResponsibilitiesG . Disclosure of Conflicts to EmployerH . None of these answersView AnswerAnswer: F Explanation: Standard I deals with Fundamental...
Which of the following AIMR Standards states that additional compensation agreements must be disclosed to the employer?
Which of the following AIMR Standards states that additional compensation agreements must be disclosed to the employer?A . IVB . III (D)C . VD . VI (B)View AnswerAnswer: B Explanation: Standard III (D) - Disclosure of Additional Compensation Arrangements states: "Members shall disclose to their employer in writing all monetary...
Which of the following are considered basic characteristics of a security and must be included in research reports?
Which of the following are considered basic characteristics of a security and must be included in research reports?A . business riskB . degree of uncertaintyC . annual expected incomeD . yield- to- maturityE . all of these answersF . both degree of liquidity and yield- to- maturityG . expected annual...
If a firm uses non- discretionary leverage, it must present performance using:
If a firm uses non- discretionary leverage, it must present performance using:A . both actual returns and all- cash basis.B . all- cash basis i.e. removing leverage effects.C . actual returns.D . none of these answers.View AnswerAnswer: B Explanation: According to Section B of the PPS standards - "Calculation of...
