Which of the following is NOT true about the responsibilities of a member with supervisory duties, as specified by Standard III (E) - Responsibilities of Supervisors?
Answer(s): C
Under Standard III (E) - Responsibilities of Supervisors, members must take reasonable care to ensure that their subordinates do not violate any laws or the code of conduct. This includes designing effective procedures to deter fraudulent activity. If such procedures are reasonable, meet industry and regulatory standards, are compatible with the AIMR code and are suitable for the firm in question, then the member cannot be held responsible for criminal activity clever enough to bypass the compliance system. Occurrence of such activity does indicate a need for a revamping of the system, though.
Edwin Hubble, who works for a respectable investment advisory firm, recently found out that his supervisor has been engaging in "front-running," i.e., executing transactions for personal accounts before client accounts. As an AIMR member, he is required to do all of the following EXCEPT?
Answer(s): A
Standard I does not require a member to report the illegal activity to the appropriate regulatory authorities, though it may be prudent to do so in many cases if it is evident that the activity is illegal.
Complete the following: According to The Code of Ethics, members of AIMR shall: "Act with integrity, competence, ________ and in an ethical manner when dealing with the public, clients, prospects, employers, employees and fellow members."
Answer(s): B
According to The Code of Ethics, members of AIMR shall: "Act with integrity, competence, dignity and in an ethical manner when dealing with the public, clients, prospects, employers, employees and fellow members."
If AIMR Members, CFA Charterholders and Candidates do not follow the AIMR Performance Presentation Standards and they make material misrepresentations, they will be in violation of what Standard of Professional Conduct?
Answer(s): D
Although the AIMR-PPS are not explicitly incorporated in the AIMR Standards of Professional Conduct, they should be relied on to help ensure no misrepresentation of performance occurs. Misrepresentation results in violation of Standard V (B) - Performance Presentation.
With regard to international portfolios, if net performance is indicated, managers are required to disclose the assumed ________ for the benchmark.
To be in compliance with the AIMR-PPS, the performance presentation for international portfolios must disclose whether composites and benchmarks are presented gross or net of withholding taxes on dividends, interest and capital gains; if net, the assumed tax rate for both the composite and the benchmark.
Share your comments for CFA CFA I exam with other users:
looking forward to the real exam
good ones for exam preparation
this is a good experience
hi everyone
waiting for the dump. please upload.
upload cks exam questions
awesome training material
where is dump
q. 289 - the correct answer should be b not d, since the question asks for the most secure way to provide access to a s3 bucket (a single one), and by principle of the least privilege you should not be giving access to all buckets.
please i need if possible h12-831,
good collection of questions and solution for pl500 certification
i would like to appear the exam.
i am very happy as i cleared my comptia a+ 220-1101 exam. i studied from as it has all exam dumps and mock tests available. i got 91% on the test.
need this dump
its really good to eventuate knowledge before appearing for the actual exam.
this is great
please i want the questions to pass the exam
i need to pass exam
great, i appreciate it.
please could you upload (isc)2 certified in cybersecurity (cc) exam questions
good questions, wrong answers
im preparing for exams
question no: 42 isnt azure vm an iaas solution? so, shouldnt the answer be "no"?
im study azure
i need this now
i took the aws saa-c03 test and scored 935/1000. it has all the exam dumps and important info.
good questions
well explained
i got the full version and it helped me pass the exam. pdf version is very good.
provide the download link, please
please upload thank.
please can you share 1z0-1055-22 dump pls
i will wait impatiently. thank youu
is it possible to clear the exam if we focus on only these 156 questions instead of 623 questions? kindly help!