Carl Pagan lives in Meesopotamia, where insider trading is not considered a crime. His friend, Ann Dreen, lives in Gondwana, where an investment professional must report any knowledge of criminal activity to the appropriate authorities. The AIMR code of ethics bars insider trading but does not require one to report criminal activity to authorities. With regard to insider trading, Carl must follow ________ and with respect to reporting of criminal activity, Ann must follow ________.
Answer(s): B
A member must always abide by the AIMR code, unless the local laws in any given case are stricter, in which case, the stricter standard applies. Standard I.
Which of the following is/are true about insider trading laws?
If a member receives inside information that he deems material, the member must: a. refrain from making decisions based on the information. b. encourage the firm to make the information publicly available. However, because the information is confidential, the member cannot unilaterally choose to broadcast it to the public.Indeed, he has an obligation not to personally disclose the information to an outsider.
Which of the following can be found in Standard V?
Answer(s): C
Standard V states that members shall not make any statements that misrepresent the investment performance that they or their firms have accomplished or can reasonably be expected to achieve.
The AIMR Performance Presentation Standards are
Answer(s): A
The AIMR-PPS are voluntary standards for the industry. Firms are not required to comply with the Standards when presenting performance, but the Standards are widely recognized as the most effective guidelines for fair and accurate reporting of investment performance.
The mosaic theory holds that an analyst:
This question pertains to Standard V (A), Prohibition against Use of Material Nonpublic Information. The mosaic theory states that an analyst may use material public information or nonmaterial nonpublic information in creating a larger picture than shown by any individual piece of information and the conclusions drawn become material only after the pieces are assembled. All the other answers describe violations of the Code and Standards, but are not the mosaic theory.
Share your comments for CFA CFA I exam with other users:
How reliable and relevant are these questions?? also i can see the last update here was January and definitely new questions would have emerged.
Can I trust to this source?
can you please provide the CBDA latest test preparation
This is the best and only way of passing this exam as it is extremely hard. Good questions and valid dump.
Can I use this dumps when I am taking the exam? I mean does somebody look what tabs or windows I have opened ?
Finally got a change to write this exam and pass it! Valid and accurate!
Upload this exam please!
Thank you for providing these questions. It helped me a lot with passing my exam.
my first attempt
very explainable
i think answer of q 462 is variance analysis
hi i need see questions
best study material for exam
very interesting repository
american history 1
good level of questions
i need this dump kindly upload it
do we need c# coding to be az204 certified
excellent topics covered
are these really financial cloud questions and answers, seems these are basic admin question and answers
are these comments real
please upload the latest dumps
a company runs its workloads on premises. the company wants to forecast the cost of running a large application on aws. which aws service or tool can the company use to obtain this information? pricing calculator ... the aws pricing calculator is primarily used for estimating future costs
looks interesting
thanks! that’s amazing
the exam dumps are helping me get a solid foundation on the practical techniques and practices needed to be successful in the auditing world.
q 14 should be dmz sever1 and notepad.exe why does note pad have a 443 connection
question # 108, correct answers are business growth and risk reduction.
are these valid chfi questions
question: 162 should be dlp (b)
good exam questions
I have to say this is really close to real exam. Passed my exam with this.
good analytics question
this looks accurate