1. Roberto Vargas, CFA, manages the Student Scholarship Trust, who is deputy treasurer for Spartan College, Vargas issued a Request for Proposals (RFP) for domestic portfolio managers. Pamela Peters, CFA, a good friend of Vargas, introduces him to representatives from Capital Investments, who submitted a proposal. Vargas selected Capital as a manager based on the firm's excellent performance record. Shortly after the selection, Peters, who had outstanding performance as an equity manager with another firm, accepted a lucrative job with Capital. Have Vargas and Peters, respectively, violated any CFA Institute Standards of Professional Conduct?
 

 

Vargas

Peters

A

No

Yes

B

No

No

C

Yes

No

         Correct answer = B

        Members should use reasonable care and judgment to maintain independence and objectivity. There is no indication of inappropriate behavior in selection of the equity manager or in the acceptance of employment with that manager; both decisions were based on the excellent performance records of the manager and the member, respectively. 

         這道題目是判斷兩個人對于投資經(jīng)理的選擇是否違反獨立客觀性。先看Vargas是沒有違反的，因為他選擇Capital Investments是因為公司的excellent performance record，并不是因為他的朋友Peters。再看Peters，并不是因為他將Capital Investments介紹給Vargas而得到的lucrative job，而是因為他的outstanding performance as an equity manager with another firm

 

        2. Evan Schulman, CFA, and Nancy Bishop, CFA, began a joint research report on Star Corporation. Prior to the completion of the report, Bishop was reassigned to another project. Bishop spent several days visiting Star 's corporate headquarters and meeting with all company officers. Schulman utilized his and Bishop's research to write the report. According to the CFA Institute Standards of Practice Handbook, did Schulman violate any CFA Institute Standards of Professional Conduct?

        A.Yes, with respect to misrepresentation.
        B. No.
        C. Yes, with respect to independence and objectivity.


        Correct answer = B

        Members are in compliance with CFA Institute's Standards if they rely on the research of another party who exercised diligence and thoroughness.

 

        提問：A為什么不對？EVAN沒有抄襲NANCY的文件嗎??? 沒有，請關(guān)注本題的*9句話Evan Schulman, CFA, and Nancy Bishop, CFA, began a joint research report on Star Corporation，中的 joint research ，他可以使用自己和他人的研究報告作為研究的基礎(chǔ)。如果引用別人的報告，他只要說明這是來自他人的就可以了，更何況這是Joint research；另外，他到實地去研究Star，并未提到他使用了Material Nonpublic Information。 如果題目中提到，他沒有說明這是Joint research，他違反了misreprentation.
 

　　
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