- All Exams Instant Download
Which of the requests, if fulfilled, is most likely to place Basch in violation of Standard III(E) Preservation of Confidentiality?
A potential client contacted an employee and wanted detailed performance records of client accounts so he can decide whether to invest with the firm." Basch goes on to say that she is responsible for developing a presentation on the differences between the Prudent Investor and the Prudent Man rules for...
Did the two statements in Garvey's biography violate Standard VII(B) Reference to CFA Institute, the CFA designation, and the CFA program?
Glenda Garvey is interning at Samson Securities in the summer to earn money for her last semester of studies for her MBA. She took the Level 3 CFA® exam in June but has not yet received her score. Garvey’s work involves preparing research reports on small companies. Garvey is at...
Based on the information given, and according to CFA Institute Standards, which of the following statements best describes Trent's compliance procedures relating to personal trading in foreign currencies?
Martha Gillis, CFA, trades currencies for Trent, LLC. Trent is one of the largest investment firms in the world, and its foreign currency department trades more currency on a daily basis than any other firm. Gillis specializes in currencies of emerging nations. Gillis received an invitation from the new Finance...
High Plains' average net operating assets at the end of 2008 and 2007 was $977.89 million and $642.83 million, respectively.
High Plains' average net operating assets at the end of 2008 and 2007 was $977.89 million and $642.83 million, respectively. As compared to the year ended 2007, High Plains' cash flow accrual ratio for the year ended 2008 is:A . higher.B . lower.C . the same.View AnswerAnswer: A Explanation: The...
Which of the following is least likely to prevent earnings manipulation?
High Plains' average net operating assets at the end of 2008 and 2007 was $977.89 million and $642.83 million, respectively. Which of the following is least likely to prevent earnings manipulation?A . The independent audit.B . SEC certification filed by High Plains' CEO and CFD . High Plains' bond covenants.View...
By accepting the trip from Quadrangle, has Harris complied with the CFA Institute Code and Standards?
Maria Harris is a CFA® Level 3 candidate and portfolio manager for Islandwide Hedge Fund. Harris is commonly involved in complex trading strategies on behalf of Islandwide and maintains a significant relationship with Quadrangle Brokers, which provides portfolio analysis tools to Harris. Recent market volatility has led Islandwide to incur...
With respect to the road show meeting regarding the initial public offering of Solution Ware, did Security Bank comply with the requirements and recommendations of the CFA Institute Research Objectivity Standards?
Connor Burton, CFA, is the managing partner for United Partners, a small investment advisory firm that employs three investment professionals and currently has approximately $250 million of assets under management. The client base of United Partners is varied, and accounts range in size from small retirement accounts to a $30...
Are Thaddeus Baldwin's statements on the soft dollar standards correct?
Carol Blackwell, CFA, has been hired to manage trust assets for Blanchard Investments. Blanchard's trust manager, Thaddeus Baldwin, CFA, has worked in the securities business for more than 50 years. On Blackwell's first day at the office, Baldwin gives her several instructions. Instruction 1: Limit risk by avoiding stock options....
What is the most likely effect of High Plains' revenue recognition policy on net income and inventory turnover?
High Plains' average net operating assets at the end of 2008 and 2007 was $977.89 million and $642.83 million, respectively. What is the most likely effect of High Plains' revenue recognition policy on net income and inventory turnover?A . Net income and inventory turnover are overstated.B . Only net income...
Is the use of client brokerage to make the $ 10,000 contribution to the Roswell Academy a violation of the CFA Institute Standards of Professional Conduct?
For the past 15 years, Susan Luna, CFA, Kyle Lawson, CFA, and Matt Miller. CFA, have worked together as equity analysts and then equity portfolio managers in the investment management division (BIMCO) of the Broadway Life Insurance Company. For the past five years, the three associates have worked together managing...
