Essay on Key Points

Submitted By urcaosister
Words: 4072
Pages: 17
Open Document
1. Two principles of the Rules of Procedure for Proceedings Related to Professional Conduct: (1) confidentiality of proceedings ; (2) fair process to the member and candidate

2. A composite must include all actual, fee-paying, discretionary portfolios managed in accordance with the same investment mandate, objective, or strategy (Standards IV Composites).
By including both value and growth portfolios, the composite is made up of portfolios with different investment mandates or strategies.

3. Making full and fair disclosure of all matters that could reasonably be expected to impair one’s independence and objectivity or interfere with respective duties to one’s clients is required by Standard VI Conflicts of Interest of the CFA Institute Code of Ethics and Standards of Professional Conduct.

4. B is correct because the client is the trust/trustees(托管人), not the beneficiary(受益人). Mawar followed Standard III (C) Suitability by managing the trust assets in a way that would likely result in a stable source of income while keeping the risk profile low, thereby complying with the investment objectives of the trust.

5. There is no evidence Chandarana violated Standard VII (B) with regard to his being a CFA candidate. Specifically, Chandarana does not overstate his competency or imply he will achieve superior performance as a result of his CFA designation. It does appear Chandarana did not act with integrity when he hid information that could potentially harm his new employer’s reputation, thus violating Standard I (D) Professionalism (Misconduct) and Standard IV (A) Duty to Employers (Loyalty).

6. 客人的先操作，所以没有违反priority of transactions

7. The prospective supervisor’s first step should be to not take the position. Accepting the position with inadequate procedures in place or improper marketing material would leave Inkster at risk of incurring a violation of the Code and Standards—Standard IV (C) Responsibilities of Supervisors. She could agree to be hired as an interim consultant with the bank in order to implement adequate procedures before taking on any supervisory role.

8. The utility is not a suitable investment for a fund that only invests in companies with good environmental records. Continuing to hold this investment, therefore, was a violation of Standard III (C) Suitability.

9. It is a violation of Standard VII (B) Responsibilities as a CFA Institute Member or CFA Candidate to claim the CFA charter helped her to achieve superior returns.

10. A is correct because the GIPS require that firms be defined as an investment firm, subsidiary, or division held out to clients or prospective clients as a distinct business entity (0.A.12). A multi-national financial services holding company is unlikely to be solely operating as an investment firm, and the scope of the business could also make it more difficult to claim compliance on a firm-wide basis.

11. For periods beginning on or after 1 January 2011, total firm assets must include the aggregate fair value of all discretionary and non-discretionary assets managed by the firm. This includes both fee-paying and non-fee-paying portfolios (0.A.13).

12. Where local laws and regulations regarding calculation and presentation conflict with GIPS standards, firms must abide by(遵守) the local laws and regulations. They are still allowed to claim GIPS compliance but must disclose areas where the local requirements conflict with those of the GIPS standards.

13. GIPS standards (0.A.9) state “firms must make every reasonable effort to provide a compliant presentation to all prospective clients. As long as a prospective client has received a compliant presentation within the previous 12 months, the firm has met this requirement. It is a GIPS recommendation, not a requirement, that all clients receive a compliant presentation on an annual basis (0.B.4).

14. Simone violated Standard II (A) Material Nonpublic Information by
Show More

Related Documents: Essay on Key Points

Stategy Key Point Essay

AYN 505 – Sem. 1/2011 BUSINESS STRATEGY ANALYSIS - SEMINAR QUESTIONS – WEEK 2 - KEY POINTS A. Discussion Question 1. In financial analysis, explain why each of the four financial analysis steps (strategy, accounting, financial, and prospective analysis) is critical, and explain how they relate to one another. (PHBWBL p10, Q4 adapted) 2. Your brother, who works in a bank, has recommended to you that you purchase shares in an organisation, on the basis of the following information, which…

Words 2324 - Pages 10

Editorial: Firearm and Key Point Essay

number of deaths and crimes throughout the country. People in the United States mostly own a gun because they want to protect themselves, and know that they have the right too. They don’t know what negative consequences follow there reasoning. One key point that I think is important is the 2nd amendment. It protects the rights of the individual and gives them the right to bare arms. Anyone has the right to own a gun and protect themselves, their family, and their country. If they ban guns it will be…

Words 1116 - Pages 5

Key Points Of The State Of The Union Address Essay

Key Points of The State of the Union address Combat in Afghanistan is over Growing economy, shrinking deficits, bustling industry, booming energy production America is number one in oil and gas. America is number one in wind power Childcare, college, health care, a home, retirement more affordable for the middle class Child care, sick leave an equal pay for people Higher Wages More jobs for veterans -Has slides going along with his speech that show the success of veterans coming back and…

Words 389 - Pages 2

Video Game Genres and Key Points Step Essay

announcement that the Pentagon is ending its long-standing ban on women serving in combat roles in real-world battlegrounds extend to virtual ones, too? "I wouldn't be surprised if the developers working on these shooters incorporated it as a story point in their games," said game designer and "Sex in Video Games" author Brenda Romero. "It could make for an amazing narrative: 'It's her first role in combat and she's determined to make a difference!' Who wouldn't want to pursue something like that and…

Words 1038 - Pages 5

Key Points on Plant Taxonomy, Anatomy, and Behavior Essay

REVIEW TEST 3 - 1442 plant taxonomy major groups of plants - major divisions of plants - major groups of angiosperms plant anatomy anatomical differences between monocots and dicots major organs, organ systems tissue types xylem and phloem cell types stem anatomy terminal and axillary buds root tips leaves - mesophyll growth in plants meristems primary and secondary vascular transport levels of transport transpiration photosynthesis - transpiration compromise how xylem…

Words 687 - Pages 3

Issc362 Quiz 1 Essay

Question 1 of 20 | 5.0 Points | Which of the following refers to a piece of code designed to cause harm that is intentionally inserted into a software system and will activate upon the occurrence of some predetermined data, time, or event? | | A.Logic bomb | | | B.Trojan horse | | | C.Cracker | | | D.Denial of service (DoS) attack | | Answer Key: A | | | Question 2 of 20 | 5.0 Points | Denial of service (DoS) and distributed denial of service (DDoS) attacks have the…

Words 912 - Pages 4

Econ 102 Quiz Essay

Econ 102 quiz 1 Question 1 of 10 10.0/ 10.0 Points Economics is best defined as the study of A. financial decision-making B. how consumers make purchasing decisions. C. choices made by people faced with scarcity. D. inflation, unemployment, and economic growth Answer Key: C Question 2 of 10 10.0/ 10.0 Points Macroeconomics differs from microeconomics in that A. macroeconomics is the study of individual markets, while microeconomics…

Words 1498 - Pages 6

PBHE607 Exam 1 Essay examples

Take-Home EXAM 1 Return to Assessment List Part 1 of 1 - 100.0 Points Question 1 of 25 4.0 Points Which of the following is not usually an aim of epidemiology? A.To describe the health status of the population B.To fund new public health programs C.To explain the etiology of disease D.To predict the occurrence of disease E.To control the distribution of disease Answer Key: B Question 2 of 25 4.0 Points The Epidemic Intelligence Service (EIS) is responsible for (give the best…

Words 1320 - Pages 6

on how to win Essay

to help you evaluate your project. Answer the questions for each publication to give you the basis of a good evaluation. How did you test your publication with the target audience? What were the key points raised by the people who reviewed the publication? How would you respond to these key points? What were the most successful features of the publication? What were the least successful features of the publication? If you had more time, what would you do to improve the publication? What made…

Words 1163 - Pages 5

Sound and Answer Key Essay

Week 6 Quiz 6 Return to Assessment List Part 1 of 1 -15.0 Points 1.0 Points The speed of sound through air is A.50 meters per second B.340 meters per second C.1500 meters per second D.3000 meters per second Answer Key: B 1.0 Points Pitch is primarily dtermined by the ______ of the sound wave. A.amplitude B.clarity C.decibels D.frequency Answer Key: D 1.0 Points Loudness of pure tones depends on frequency and sound pressure level can be shown graphically using A.equal loudness…

Words 471 - Pages 2