Examen 2. Etapa 1 Ethics

Among the reasons why honest people may make unethical decisions, a key SITUATIONAL influence is, most likely:

A characteristic that distinguishes a PROFESSION (such as the investment profession) from a mere occupation is, most correctly:

The consequences of violating the Code and Standards for a CFA member or candidate are managed, most correctly, by:

An analyst is part of a team that issues a consensus report. He disagrees with the methodology used and does not trust it, although he believes the conclusions have a reasonable basis within that methodology. It is most appropriate to:

An analyst uses verbatim paragraphs from another author’s report in his own research without citing the source. Under Standard I(C) Misrepresentation:

An analyst owns shares of a company and writes a research report on it. She complies with the internal policy of reporting her personal trades, but does NOT mention her position in the report addressed to clients. It is most correct that:

A firm’s investment banking department possesses material nonpublic information about a corporate client. To comply with Standard II(A), the firm should, most correctly:

A manager spreads false rumors on social media and forums to drive down the price of a stock he holds short. Under Standard II(B):

A manager directs his clients’ brokerage commissions to a broker that provides research useful for managing those portfolios (soft dollars). Under Standard III(A), this:

A firm is about to publish a material change in an investment recommendation. To comply with Standard III(B) Fair Dealing, it must, most correctly:

A discretionary management client instructs a trade that the manager considers NOT suitable for the client’s profile (unsolicited trade). Under Standard III(C), the manager should, most correctly:

When presenting the performance record to prospective clients, Standard III(D) requires, most correctly:

An employee discovers that his firm is harming clients through an illegal practice. Under Standard IV(A) Loyalty, whistleblowing to the authorities is, most correctly:

To comply with Standard IV(C), a supervisor who delegates tasks, most correctly:

An analyst produces research PAID FOR by the issuer being analyzed. Under Standard I(B), to preserve objectivity he must, most correctly:

Which of the following behaviors is LEAST likely to constitute a violation of Standard I(D) Misconduct?

After ending the relationship with a client, the duty of confidentiality under Standard III(E), most correctly:

An analyst at a rating agency is pressured by the issuer (who pays for the rating) to assign a higher rating than deserved. Under Standard I(B), he must, most correctly:

With respect to regulation, conduct based on ETHICAL principles, most correctly:

A member resides in country A (strict law) but does business with clients in country B (less strict law), and the activity takes place in B. If there is no applicable law governing the matter, under Standard I(A) he must, most correctly: