Ethics

Question 1

Standard 1, A

Answer 1

Professionalism. Knowledge of the Law

Question 2

1A: Knowledge of the Law

Answer 2

in the event of conflict, must comply with the more strict. must not knowingly participate/assist in and must dissociate from any violations

Question 3

Standard 1, B

Answer 3

Professionalism. Independence and Objectivity

Question 4

1B: Independence and Objectivity

Answer 4

must not offer, solicit, or accept any gift, benefit, compensation, or consideration that reasonably could be expected to compromise their independence/objectivity

Question 5

Standard 1, C

Answer 5

Professionalism. Misrepresentation

Question 6

1C: Misrepresentation

Answer 6

must not knowingly make any misrepresentations relating to investment analysis, recommendations, actions, or other professional activities

Question 7

Standard 1, D

Answer 7

Professionalism. Misconduct

Question 8

1D: Misconduct

Answer 8

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

Question 9

third party verification…

Answer 9

recommendation not a requirement to claim GIPS compliance

Question 10

GIPS Provisions:

Answer 10

Fundamentals of Compliance, Input Data, Calculation Methodology, Composite Construction, Disclosure, Presentation and Reporting, Real Estate, Private Equity, and Wrap Fee/SMA Portfolios

Question 11

Rules of Procedures for Proceedings Related to Professional Conduct (2)

Answer 11

confidentiality and fair process

Question 12

CFA Institute Board of Governors

Answer 12

maintains oversight and responsibility for the Professional Conduct Program (PCP)

Question 13

Disciplinary Review Committee (DRC)

Answer 13

works in conjunction with the PCP and is responsible for *enforcement

Question 14

Professional Conduct Division

Answer 14

works with the DRC to *establish and *review professional conduct policies and testing policies