Ethics

Question 1

Standard of Professional Conduct I

Answer 1

Professionalism

A. Knowledge of the Law

B. Independence and Objectivity

C. Misrepresentation

D. Misconduct

Question 2

Standard of Professional Conduct II

Answer 2

Integrity of Capital Markets

A. Material Non-Public Information

B. Market Manipulation

Question 3

Standard of Professional Conduct III

Answer 3

Duties to Clients

A. Loyaly, Prudence and Care

B. Fair Dealing

C. Suitability

D. Performance Presentation

E. Preservation of Confidentiality

Question 4

Standard of Professional Conduct IV

Answer 4

Duties to Employers

A. Loyalty

B. Additional Compensation Arrangements

C. Responsibilites of Supervisors

Question 5

Standard of Professional Conduct V

Answer 5

Investment Analysis, Recommendations and Actions

A. Diligence and Reasonable Basis

B. Communication with Clients and Perspective Clients

C. Record Retention

Question 6

Standard of Professional Conduct VI

Answer 6

Conflicts of Interest

A. Disclosure of Conflicts

B. Priority of Transactions

C. Referral Fees

Question 7

Standard of Professional Conduct VII

Answer 7

Responsibilities as a CFA Institute Member or Candidate

A. Conduct as Members and Candidates in the CFA Program

B. Reference to CFA Institute, The CFA Designation and the CFA Program

Question 8

Sections of GIPS

Answer 8

0. Fundmentals of Compliance
1. Input Data
2. Calculation Methodology
3. Composite Construction
4. Disclosure
5. Presentation & Reporting
6. Real Estate
7. Private Equity
8. Wrap Fee/ SMA Portfolios