Latham has been following a publicly traded oil firm, Techron Oil. Recently, he read a review about the oil fields in Venezuela, to the effect that the actual oil content of the fields across the country might be as much as 35% higher than previously estimated. Techron owns sizable properties in Venezuela and Latham has concluded that the research report implies that Techron might have as much as a million gallons a day in excess capacity that has not been factored into the stock price. In his report, he properly attributed the original review as the source of his information and recommended that in his opinion, Techron's stock was an immediate BUY.Latham has
Answer(s): B
Since the review was publicly available, Latham has not violated Standard V (A) - Prohibition against use of Material, Non-Public Information. Also, because he properly attributed his original source, he has not plagiarized according to Standard II (C). However, by not carrying out an independent study to verify that his conclusions were indeed warranted, he violated Standard IV (A.1) - Reasonable Basis and Representations.Note that he has not confused fact with opinion and therefore not violated Standard IV (A.2) - Research Reports.
Which of the following is NOT a violation of Standard III (B) - Duty to Employer?
Answer(s): C
Standard III (B) prohibits an employee from going into a competitive business while currently employed without obtaining written permission. However, this applies only if the independent practice is for remuneration. Strictly volunteer activities (such as helping low-income people with free financial advice) which cannot be construed as being done for potential compensation do not constitute a violation of the standard even if they result in some loss of business to the current employer. However, the code is not explicit on this point. Obviously, "free tax assistance" to high-income people will never be considered a volunteer activity.
A(n) ________ is a publicly available independent representation of the market and if used as a benchmark, should be investable.
Answer(s): E
The most commonly used benchmark for an investment strategy is a market index. Indexes can be mixed to represent an allocation among markets. (Note: Not all indexes are investable.)
Which of the following statements about the AIMR Performance Presentation Standards is true?
Answer(s): D
Some aspects of the AIMR Performance Presentation Standards are mandatory (i.e., they must be followed to claim compliance); other aspects are strongly recommended (i.e., they should be followed). Note that AIMR strongly encourages firms to adopt the recommended Standards in addition to the required standards.
Julius Christus is an AIMR member and a vice president in the Risk Control department of a major commercial bank. Julius recently discovered that Jill Chapman had been grossly negligent in her duties involving monitoring of trading limits and violations by the trading desk. This is the first time Jill has been found to be remiss in her duties. Which of the following actions is the minimum necessary for Julius to be in compliance with Standard III (E) - Responsibilities of Supervisors?
Answer(s): A
"Procedures for Compliance," Standard III (E).
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american history 1
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are these really financial cloud questions and answers, seems these are basic admin question and answers
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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
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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.
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question: 162 should be dlp (b)
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question 46, the answer should be data "virtualization" (not visualization).
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Pass this exam 3 days ago. The PDF version and the Xengine App is quite useful.
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question 134s answer shoule be "dlp"
in 72 the answer must be [sys_user_has_role] table.
i appreciated the mix of multiple-choice and short answer questions. i passed my exam this morning.
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examination questions seem to be relevant.
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is the answer to question 15 correct ? i feel like the answer should be b
its getting more technical