Examen 2. Etapa 2 Ethics

Under Standard V(B), when communicating with clients, a manager must inform them of a MATERIAL change in his investment process, most correctly:

An adviser earns a higher commission for recommending his firm’s own funds than for recommending third-party funds. Under Standard VI(A), he must, most correctly:

A firm states on its website that, because several of its managers are CFA charterholders, ‘its team guarantees superior performance.’ Under Standard VII(B):

An analyst issues a BUY recommendation based solely on a market rumor, without his own analysis. Under Standard V(A):

A manager fills a block order at several prices for several clients. Under Standard VI(B) and fair dealing, he must allocate the trades, most correctly:

A volunteer who participates in developing the CFA exams shares with a candidate friend the kind of topics that ‘will come up.’ Under Standard VII(A):

Under Standard VI(C), disclosure of a referral fee must be made, most correctly:

An analyst leaves his firm and wants to use, in his new job, the models and supporting records he created at the previous one. Under Standard V(C):

A board member of a listed company is also a portfolio manager whose portfolios invest in that company. Under Standard VI(A), he must, most correctly:

An analyst signs a report that incorporates sections prepared by a specialist colleague on his team, in whom he reasonably places trust. Under Standard V(A):

Which of the following references to the CFA Program by a candidate is CORRECT under Standard VII(B)?

Under Standard V(B), when preparing an investment communication, the member must identify, most correctly:

GIPS verification performed by a third party confirms, most correctly, that the firm:

Under GIPS, regarding the portfolios that must be included in composites, it is most correct that the firm:

A fundamental requirement for a firm to claim compliance with GIPS is, most correctly, to:

A manager accepts from a GRATEFUL client a gift of significant value for the good performance already achieved last year. It is most correct under the Standards that:

A manager posts on social media only favorable investment recommendations about stocks he already holds in his portfolio, without disclosing that he owns them. He has most likely violated:

Under Standard VI(A), disclosures of conflicts of interest must be made, most correctly:

A firm wants to highlight its CFA professionals on its website. A CORRECT use under Standard VII(B) would be to:

An adviser shifts a retired client’s entire conservative portfolio into a high-risk fund from which he receives a higher commission, without updating the IPS or disclosing the incentive. He has most likely violated: