Code of Ethics- Đố vui có khen

[NXD]

Keith, CFA, has been invited to join a group of analysts in touring the riverboats of A & K Limited. Since commercial flight schedules are inconvenient and not practical for the group's time schedule, A & K Limited has arranged chartered flights from casino to casino. A & K Limited has also arranged to pay the hotel bill for the three nights of the tour. The trip is purely business. According to CFA Standards of Professional Conduct, Keith should:

A. As the arrangements are inappropriate, decline to accept the trip.
B. offer to pay for his share of the airfare and his own hotel bill.
C. accept the flight, but pay his own hotel bill.
D. accept the arrangements as they are.

Trên đây là câu hỏi trích từ Q-Bank của Schweser level 1, mời các bạn tham gia trả lời.

 

[ketoan@]

Hihi, NXD định trao thưởng gì chứ?
@ không có học về CFA standards of professional conduct, nhưng by common sense thì A là hợp lý.

 

[NXD]

NXD sẽ khen bạn hết mình nếu @ trả lời đúng.

Nhưng theo đáp án của người ra đề thì A không phải là câu trả lời chính xác. Mời đội B trả lời.

 

[nedved]

Answer is C (Sorry I haven't got Vietkey to type Vietnamese)

He should pay his hotel bill but can accept the fight even C-class if economy class is not available cos he is invited by A&K.

Is that right?

btw, we have 2 following debates that you might be interested in:

Vì sao rủi ro cao thì lợi nhuận kỳ vọng cao?

Chọn lãi suất nào làm Risk free rate?

 

[NXD]

Nedved trả lời chính xác.

Đáp áp như sau:
5. C. To maintain his objectivity, Keith should pay his own hotel bill. Because the itinerary required charter flights due to a lack of commercial transportation, A & K Limited can appropriately provide them.

 

[nedved]

Chính xác mà không thấy khen câu nào bác NXD.

I've got a friend. He is a professor in Texas University in Portfolio Management. He is holding CFA and PhD in finance.

He will come back to Vietnam in the next few months. He asks me to connect people to form CFA Community in Vietnam. The society will be registered with CFA.

Activities would be seminar and conference; and on-line journal.

If you are interested in, pls contact me via mail: longplt@yahoo.com

btw, I'm not CFA or specialise in Finance, but accounting

 

[NXD]

Chính xác mà không thấy khen câu nào bác NXD.

Bác Nedved thiệt là giỏi đó nha!
Ngoài ra còn đáng khen ở chỗ không có Việtkey mà gõ được tiếng Việt nha:leapfroga

I've got a friend. He is a professor in Texas University in Portfolio Management. He is holding CFA and PhD in finance.

He will come back to Vietnam in the next few months. He asks me to connect people to form CFA Community in Vietnam. The society will be registered with CFA.

Activities would be seminar and conference; and on-line journal.

If you are interested in, pls contact me via mail: longplt@yahoo.com

btw, I'm not CFA or specialise in Finance, but accounting

 

[NXD]

Thách đố số 2

# Vivian, CFA, a research analyst assigned to Double Limited, has been recommending the stock's purchase in her quarterly report. Vivian has recently married and just discovered her husband's trust account owns several million dollars worth of Double Limited. The stock makes up more than 50 percent of the trust's value but less than 5 percent of Double Limited's outstanding shares. According to CFA Standards of Professional Conduct, Vivian should:

A. take no action because the stock is not in her name.
B. disclose her interest in the stock at the time of her next report. $
C. cease including Double Limited stock in her report.
D. take no action because the holding is less than 5 percent of the outstanding shares.
:biggrinda
:bigok:

 

[CNN]

Ủa, sao lại vừa hỏi vừa trả lời luôn vậy ạ ^_^

 

[hai2hai]

# Vivian, CFA, a research analyst assigned to Double Limited, has been recommending the stock's purchase in her quarterly report. Vivian has recently married and just discovered her husband's trust account owns several million dollars worth of Double Limited. The stock makes up more than 50 percent of the trust's value but less than 5 percent of Double Limited's outstanding shares. According to CFA Standards of Professional Conduct, Vivian should:

A. take no action because the stock is not in her name.
B. disclose her interest in the stock at the time of her next report. $
C. cease including Double Limited stock in her report.
D. take no action because the holding is less than 5 percent of the outstanding shares.
:biggrinda
:bigok:

B. Vivian should disclose to her clients and prospects her husband's holdings in Double Limited because this matter could be expected to impair her ability to make unbiased and objective recommendations.



Sorry, that's not my answer but with my internet skill, I can give you all your CPA answers you've got. he he.

 

[NXD]

hai2hai's answer is exactly as same as Schweser's answer.

ANSWER IS:
B. Vivian should disclose to her clients and prospects her husband's holdings in Double Limited because this matter could be expected to impair her ability to make unbiased and objective recommendations.

 

[NXD]

Thách đố 3

Dwight Dawson, a CFA charterholder and portfolio manager at Ascott Investments, was recently appointed to the investments committee at Brightwood College. He will receive no compensation from Brightwood for serving on this committee. Another person at Ascott manages part of Brightwood’s endowment. Dawson does not inform Ascott’s compliance office of his involvement with Brightwood, because he does not believe doing so is necessary.

Brenda Hamilton, a CFA candidate, also works for Ascott as an investment analyst. Procedures established at Ascott prohibit personal trading in securities analyzed or recommended by Ascott. One of these securities is Horizon, a telecommunications firm. Hamilton buys 10 shares of Horizon for her infant son’s trust account. She believes that reporting this purchase to Ascott’s compliance officer is unnecessary because the amount of the transaction is small and is not for her own personal account.

Did Dawson or Hamilton’s actions violate CFA Institute Standards of Professional Conduct?

A) Dawson: No, Hamilton: No.


B) Dawson: Yes, Hamilton: No.


C) Dawson: No, Hamilton: Yes.


D) Dawson: Yes, Hamilton: Yes. :wall:


(this is level 2, 2008 practice)

 

[hai2hai]

D) Dawson: Yes, Hamilton: Yes.


(this is level 2, 2008 practice)

Dawson violated Standard III (C) – Disclosure of Conflict to Employer by failing to inform Ascott of her involvement with Brightwood College. Dawson could reasonably be expected to be involved with investment policy decisions at Brightwood that could affect Ascott because Ascott manages a portion of Brightwood’s endowment.
Hamilton also violated Standard III (C), because she ignored a directive of her employer. Her purchase of Horizon stock has an appearance of impropriety. Hamilton could discuss the purchase of Horizon stock with her firm’s compliance officer and request an exception to the prohibition against personal trading in securities analyzed or recommended by Ascott.

Thôi, tiếp theo thì để cho người học thật, mình "paste" tiếp thì mất cả thú vị nhỉ.

 

[nedved]

Google của bác Hai2hai lợi hại lắm đó.

To NXD: tớ gõ vietkey ở máy nhà, máy cơ quan không có. Tất nhiên tớ biết gõ tiếng Việt rồi, he he

Mấy câu hỏi này của NXD trả lời mà được khen có vậy thì nhờ google của hai2hai đê, khỏi đọc mất công!

 

[Jonicute]

Ethics maybe one of the most painful part to not only Vietnamese but also native speakers.

If I were Vivian, i would take no action. Keep silent and maybe coordinate with my husband

Ethics covers all book 1. What a pity!

 

[NXD]

Hy vọng đề kỳ này bạn hai2hai tìm hổng ra.
Ai trả lời được thì tớ sẽ click "thanks" cho user đó bất cứ nơi đâu tớ gặp!
Ok? Nhà nghèo không biết trao thưởng cái gì hết trơn, thông cảm nha

 

[nedved]

Có chắc ko đấy bác NXD.

Iem trả lời thử cái xem sao, mặc dù chưa sờ đến code of ethics của CFA bao giờ!

Đáp án là B:

Dawson cannot work for both fund and client without permission from the fund even he receive no money or stock from client.

Hamilton does not violate the rule mostly because the value of shares purchased is quite small (there may be a limit in Code of Ethics??)

Is that right?

 

[NXD]

Bác nedved trả lời mém đúng! Nhưng chưa trùng khớp với ý kiến của chúng tôi. Mời đội chim sơn ca trả lời.

 

[hai2hai]

Hy vọng đề kỳ này bạn hai2hai tìm hổng ra.

Download attached file.

Cheers!

 

[nedved]

Nếu mock exam như thế này thì CFA level 1 không có gì khó cả. Bởi vì toàn kiến thức căn bản đã học trong trường đại học. Đọc cho hết, ôn cho kỹ là pass, he he

CFA level 2 thì có vẻ khó nhằn, toàn international reporting