2020年CFA考試《CFA三級》考試共題，分為。小編為您整理Ethical and Professional Standards (2)5道練習題，附答案解析，供您備考練習。

1、Does Danko violate CFA Institute Standards when he directs trades to FTI?【單選題】

A.No.

B.

C.

正確答案:A

答案解析:A is correct. Danko directs his trading with FTI only after taking into account FTI’s ability to provide 

2、【單選題】

A.No.

B.Yes, because he allowed political factors to influence his decision.

C.Yes, because he is obligated to immediately suspend NGM until he finishes 

正確答案:A

答案解析:A is correct. Until Locke’s investigation is complete, he has no obligation to suspend the manager or 

3、Which of Mehta’s client service policies is consistent with the Asset Manager Code of Professional Conduct?【單選題】

A.Communication timing

B.Marketing material reviews

C.Types of disclosures

正確答案:B

答案解析:Section D, Risk Management, Compliance, and Support, of the Asset Manager Code states that portfolio information provided to clients should be reviewed by an independent third party. The compliance department would be considered an independent third party because compliance is not involved with compiling or presenting the information to clients. According to Section F, Disclosures, disclosures should be truthful, accurate, complete, and understandable. It is unlikely that clients would easily understand complicated calculations. Section F, Disclosures, also calls for communications with clients to be on an ongoing and timely basis. Communication with clients only when they ask for it would not be consistent with the Asset Manager Code. It is recommended that communication be at least on a quarterly basis.

4、【單選題】

A.holdings of the Japanese equity product.

B.relationship with the Swibank subsidiary.

C.compensation from the Swibank subsidiary.

正確答案:C

答案解析:C is correct. Standard VI(A)—Disclosure of Conflicts requires that members and candidates make full 

5、【單選題】

A.Yes.

B.No, only the method of trade correction is consistent.

C.No, only the demand for a short-term 

正確答案:C

答案解析:C is correct. Locke’s interest claim is legitimate since the Fund’s cash was employed to purchase