CFA職業(yè)道德與專業(yè)行為標(biāo)準(zhǔn)（CFA Ethical and Professional Standards）向來是CFA一級和CFA二級考試的重點(diǎn)之一（CFA一級的比重達(dá)15%）。
在CFA考試中，涉及到職業(yè)道德與專業(yè)行為標(biāo)準(zhǔn)的考題往往最先出現(xiàn)。迅速并準(zhǔn)確解答這部分考題，不僅有助于從考試開始就建立起信心，也能提高通過考試的機(jī)率。
CFA道德規(guī)范和專業(yè)行為準(zhǔn)則練習(xí)題＂Morality＂exercise:Disclosure of Conflicts
cfa試題

Questions 1:

Which of the following is most likely found in the CFA Institute Standards of Professional Conduct,Standard I–Professionalism? Members and candidates must:
A、 not engage in any professional conduct involving dishonesty, fraud, or deceit or commit any act that reflects adversely on their professional reputation, integrity, or competence. 
B 、place the integrity of the investment profession and the interest of clients above their own interest. 
C 、maintain and improve their professional competence and strive to maintain and improve the competence of other investment professionals. 
cfa練習(xí)題
【Answer to question 1】A
【analysis】
A is correct. The statement, “Members and Candidates must not engage in any professional conduct involving dishonesty, fraud, or deceit or commit any act that reflects adversely on their professional reputation, integrity, or competence” can be found in the CFA Institute Standards of Professional Conduct, Standard I–Professionalism (D) Misconduct.
B is incorrect. The statement, “Members and Candidates must place the integrity of the investment profession and the interest of clients above their own interest” can be found in the CFA Institute Code of Ethics. It is not part of the CFA Institute Standards of Professional Conduct, Standard I–Professionalism. 
C is incorrect. The statement, “Members and Candidates must maintain and improve their professional competence and strive to maintain and improve the competence of other investment professionals” can be found in the CFA Institute Code of Ethics. It is not part of the CFA Institute Standards of Professional Conduct, Standard I–Professionalism.

Questions 2:

Beth Kozniak, a CFA candidate, is an independent licensed real estate broker and a well-known property investor. She is currently brokering the sale of a commercial property on behalf of a client in financial distress. If the client’s building is not sold within 30 days, he will lose the building to the bank. A year earlier, another client of Kozniak’s had expressed interest in purchasing this same property. However, she is unable to contact this client, and she has not discovered any other potential buyers. Given her distressed client’s limited time frame, Kozniak purchases the property herself and foregoes any sales commission. Six months later, she sells the property for a nice profit to the client who had earlier expressed interest in the property. Does Kozniak most likely violate the CFA Institute Standards of Professional Conduct?
A 、No
B、 Yes, she did not disclose her potential conflicts of interest to either client.
C 、Yes, she profited on the real estate to the detriment of her financially stressed client.
cfa練習(xí)題
【Answer to question 2】A
【analysis】
A is correct because Kozniak does not appear to have violated any CFA Institute Standards of Professional Conduct. Because she is known in the market for investing and brokering property and both parties have worked with Kozniak in the past, both parties would know of her interests. In addition, in both cases she acts for her own account as a primary investor, not as a broker. She buys the property for her own portfolio and then sells the property from her own portfolio. Therefore, Kozniak did not violate Standard  VI(A)– Disclosure of Conflicts. When she purchased the property for her portfolio, she saved her client from losing the building to the bank and did not charge a sales commission. Because the sale of the property to her other client did not take place until six months after her purchase and she was unable to contact the client who had earlier expressed interest prior to her purchase, she cannot be accused of violating any loyalty, prudence, or care to either client [Standard III(A)–Loyalty, Prudence, and Care]. 
B is incorrect because Kozniak is known in the market for investing and brokering property and both parties have worked with Kozniak in the past, so both parties would know of her interests. In addition, in both cases she is acting as a primary investor, not as a broker. She buys the property for her own portfolio and then sells the property from her own portfolio. Therefore, Kozniak did not violate Standard VI(A)–Disclosure of Conflicts). 
C is incorrect because when she purchased the property for her portfolio she saved her client from losing the building to the bank and did not charge a sales commission. As the sale of the property to her other client did not take place until six months after her purchase and she had not contacted the client who had earlier expressed interest prior to her purchase she cannot be accused of violating any loyalty, prudence or care to either client [Standard III(A)–Loyalty, Prudence, and Care].
以上就是【CFA道德規(guī)范和專業(yè)行為準(zhǔn)則練習(xí)題＂Morality＂exercise:Disclosure of Conflicts】的全部內(nèi)容，如果你想學(xué)習(xí)更多CFA相關(guān)知識，歡迎大家前往高頓教育官網(wǎng)CFA頻道！在這里，你可以學(xué)習(xí)更多精品課程，練習(xí)更多重點(diǎn)試題，了解更多最新考試動態(tài)。