Amazon
Anthropic
Avaya
Cisco
CompTIA
CrowdStrike
EC-Council
EXIN
Fortinet
Google
ISC
ISC2
ITIL
Juniper
Microsoft
NVIDIA
Palo Alto Networks
Salesforce
SAP
VMware
All Vendors

Financial Institute CFA Level I Chartered Analyst® CFA Level 1 Dumps in PDF

Free Financial CFA Level 1 Real Questions (page: 56)

CFA Level 1 PDF — 3960 Questions

Which of the following statements is NOT true relating to Standard IV (B.3) - Fair Dealing?

  1. This standard covers the conduct of two groups: those who prepare recommendations and those who take investment action.
  2. Members shall deal equally and objectively with all clients.
  3. Only through the fair treatment of all parties can the investment management profession maintain the confidence of the investing public.
  4. None of these answers.
  5. This standard covers investment action such as general purchases, new issues, or secondary offerings.

Answer(s): B

Explanation:

The operative word is "fairly," not "equally." The term "fairly" implies that the member must take care not to discriminate against any customers or clients when disseminating investment recommendations. Members could not possibly reach all clients "equally" (i.e., simultaneously). In addition, each client has unique needs, investment criteria and investment objectives.



Grazelle Garbo has decided to change the recommendation on one of the firms she is following from hold to buy. She has communicated her research report to her senior manager, who is reviewing it. If the recommendation passes muster, it will be released three days from now. In the meanwhile, Grazelle has decided to follow her research and purchase the stock for several of her clients' accounts for which the stock is an appropriate investment and for which she has discretionary investment powers. In the course of the luncheon meeting that same day, she mentioned that she had bought the stocks for some client accounts to one of her prospective clients and described her research which caused her to change her recommendation.
Grazelle has

  1. violated Standard IV (B.3) - Fair Dealing - by revealing the change in recommendation.
    II. violated Standard IV (B.5) - Preservation of Confidentiality - by revealing the information about stock purchase.
    III. did not violate the Ethics code.
  2. I and II only
  3. II only
  4. III only
  5. I only

Answer(s): D

Explanation:

Since Grazelle has not revealed any information about the specific client accounts or any confidential information, she is not in violation of Standard IV (B.5) - Preservation of Confidentiality. However, by revealing the information on the change in recommendation prematurely to one of her prospective clients, she has violated Standard IV (B.3) - Fair Dealing. The information is potentially quite valuable and giving to one client before another in a partisan fashion is a violation of the AIMR code of Ethics.



Which of the following AIMR Standards pertains to the use of professional designation?

  1. II (A)
  2. I
  3. III (A)
  4. III (B)

Answer(s): A

Explanation:

Standard II (A) - Use of Professional Designation - states the responsibility of AIMR members, CFA charterholders and candidates for the CFA designation to use their professional designations, or their candidacies for the designation, properly and in a manner that does not mislead the investing public or others.



In reference to AIMR-PPS, which of the following is/are true?

  1. The PPS are explicitly incorporated in the AIMR Code of Ethics and Standards of Professional Conduct.
    II. In case of system incompatibilities, the firm can claim compliance for only those assets that are measured and monitored on compatible systems.
    III. Plan sponsors, consultants and software vendors cannot claim compliance with the PPS; they can only endorse or require their clients to be in compliance.
  2. I, II and III
  3. III only
  4. II and III only
  5. I only

Answer(s): B

Explanation:

The PPS are an adjunct to the AIMR Code of Ethics and Standards of Professional Conduct and not explicitly incorporated in that framework. Compliance with PPS is voluntary, not required.



Standard IV (B.2) deals with ________.

  1. compensation
  2. fair dealing
  3. soft dollars
  4. competition
  5. none of these answers
  6. suitability
  7. proxy voting
  8. disclosure of conflicts

Answer(s): F

Explanation:

Standard IV (B.2) deals with the appropriateness and suitability of investment recommendations for each portfolio or client.



PDF
Viewing page 56 of 793

Share your comments for Financial CFA Level 1 exam with other users:

J
Jagadesh
12/16/2025 9:57:10 AM

Good explanation

INDIA
S
shobha
11/29/2025 2:19:59 AM

very helpful

INDIA
P
Pandithurai
11/12/2025 12:16:21 PM

Question 1, Ans is - Developer,Standard,Professional Direct and Premier

Anonymous
E
Einstein
11/8/2025 4:13:37 AM

Passed this exam in first appointment. Great resource and valid exam dump.

Anonymous
D
David
10/31/2025 4:06:16 PM

Today I wrote this exam and passed, i totally relay on this practice exam. The questions were very tough, these questions are valid and I encounter the same.

UNITED STATES
T
Thor
10/21/2025 5:16:29 AM

Anyone used this dump recently?

NEW ZEALAND
V
Vladimir
9/25/2025 9:11:14 AM

173 question is A not D

Anonymous
K
khaos
9/21/2025 7:07:26 AM

nice questions

Anonymous
K
Katiso Lehasa
9/15/2025 11:21:52 PM

Thanks for the practice questions they helped me a lot.

Anonymous
E
Einstein
9/2/2025 7:42:00 PM

Passed this exam today. All questions are valid and this is not something you can find in ChatGPT.

UNITED KINGDOM
V
vito
8/22/2025 4:16:51 AM

i need to pass exam for VMware 2V0-11.25

Anonymous
M
Matt
7/31/2025 11:44:40 PM

Great questions.

UNITED STATES
O
OLERATO
7/1/2025 5:44:14 AM

great dumps to practice for the exam

SOUTH AFRICA
A
Adekunle willaims
6/9/2025 7:37:29 AM

How reliable and relevant are these questions?? also i can see the last update here was January and definitely new questions would have emerged.

Anonymous
A
Alex
5/24/2025 12:54:15 AM

Can I trust to this source?

Anonymous
S
SPriyak
3/17/2025 11:08:37 AM

can you please provide the CBDA latest test preparation

UNITED STATES
C
Chandra
11/28/2024 7:17:38 AM

This is the best and only way of passing this exam as it is extremely hard. Good questions and valid dump.

INDIA
S
Sunak
1/25/2025 9:17:57 AM

Can I use this dumps when I am taking the exam? I mean does somebody look what tabs or windows I have opened ?

BULGARIA
F
Frank
2/15/2024 11:36:57 AM

Finally got a change to write this exam and pass it! Valid and accurate!

CANADA
A
Anonymous User
2/2/2024 6:42:12 PM

Upload this exam please!

Anonymous
N
Nicholas
2/2/2024 6:17:08 PM

Thank you for providing these questions. It helped me a lot with passing my exam.

Anonymous
T
Timi
8/19/2023 5:30:00 PM

my first attempt

UNITED KINGDOM
B
Blessious Phiri
8/13/2023 10:32:00 AM

very explainable

Anonymous
M
m7md ibrahim
5/26/2023 6:21:00 PM

i think answer of q 462 is variance analysis

Anonymous
T
Tehu
5/25/2023 12:25:00 PM

hi i need see questions

Anonymous
A
Ashfaq Nasir
1/17/2024 1:19:00 AM

best study material for exam

Anonymous
R
Roberto
11/27/2023 12:33:00 AM

very interesting repository

ITALY
N
Nale
9/18/2023 1:51:00 PM

american history 1

Anonymous
T
Tanvi
9/27/2023 4:02:00 AM

good level of questions

Anonymous
B
Boopathy
8/17/2023 1:03:00 AM

i need this dump kindly upload it

Anonymous
S
s_123
8/12/2023 4:28:00 PM

do we need c# coding to be az204 certified

Anonymous
B
Blessious Phiri
8/15/2023 3:38:00 PM

excellent topics covered

Anonymous
M
Manasa
12/5/2023 3:15:00 AM

are these really financial cloud questions and answers, seems these are basic admin question and answers

Anonymous
N
Not Robot
5/14/2023 5:33:00 PM

are these comments real

Anonymous
AI Tutor 👋 I’m here to help!