2025年CFA二级道德伦理真题.docxVIP

2025年CFA二级道德伦理真题

考试时间：______分钟总分：______分姓名：______

1.Ananalystisevaluatingacompanysfinancialstatementsaspartofanindependentresearchreport.Thecompanysmanagementhasofferedtheanalystasignificantdiscountonaluxuryvacationinexchangeforapositiveresearchreportandfavorablestockrecommendations.AccordingtoStandardII(A)-LoyaltytoClientsandEmployers,whichofthefollowingactionsismostappropriatefortheanalyst?

a)Acceptthevacationandissueapositivereportasrequested.

b)Declinethevacationbutstillissueapositivereportifthecompanysfundamentalsjustifyit.

c)Acceptthevacationbutdisclosethearrangementtothecompanysmanagement.

d)DeclinethevacationandinformtheCFAInstituteandthecompanysmanagementabouttheoffer.

2.Aportfoliomanagermanagesaclientsportfolio.Theclientrequeststheportfoliomanagertousesomeoftheportfoliosfundstoinvestinaprivateequityopportunitythatthemanagerispersonallyinvolvedin.Themanagerknowsthisopportunitymaynotbesuitablefortheclientsrisktoleranceandinvestmentobjectives.WhatshouldtheportfoliomanagerdotocomplywithStandardIII(A)-DutytoClients?

a)Investtheclientsfundsintheprivateequityopportunityifthemanagerbelievesitoffersagoodreturn.

b)Refusetheclientsrequestoutrighttoavoidanypotentialconflict.

c)Informtheclientaboutthepotentialunsuitabilityandrecommendanalternativeinvestment.

d)Accepttheclientsrequestbutobtainawrittenwaiverfromtheclientacknowledgingthepotentialrisks.

3.Aninvestmentadvisorisprovidinginvestmentrecommendationstoaclient.Theadvisorownsalargeblockofthestockbeingrecommendedtotheclient.ToavoidviolatingStandardVI(A)-DisclosureofConflicts,whichofthefollowingactionsistheadvisorrequiredtotake?

a)Onlydisclosetheownershipifthestockperformspoorly.

b)Discl