2025年CFA一级Ethics道德准则真题测试卷.docxVIP

2025年CFA一级Ethics道德准则真题测试卷

考试时间：______分钟总分：______分姓名：______

SectionA:MultipleChoiceQuestions

1.Aninvestmentprofessionalisrecommendingaparticularstocktoaclient.Thestockisissuedbytheclientsemployer,andtherecommendationispartofalargeblocktradethatwillgenerateasignificantfeefortheinvestmentprofessional.Theemployerhasnotpubliclyannouncedanyintentiontosellthestock.WhichofthefollowingactionsismostlikelyinviolationoftheStandardofProfessionalCompetence(StandardVII)?

A)Disclosingtherecommendationtotheclient,includingthepotentialconflictarisingfromtheemployerspotentialfuturesale,andallowingtheclienttomakeaninformeddecision.

B)Recommendingthestockwhiledisclosingthatitisissuedbytheclientsemployerbutdownplayingthepotentialconflictarisingfromthesignificantfee.

C)Recommendingthestockwithoutanydisclosureregardingtheemployerspotentialfuturesaleorthesignificantfee,astheinformationisnotyetpublic.

D)Recommendingthestockonlytoclientswhohavehistoricallygeneratedthehighestfeesfortheinvestmentprofessional,withoutanyadditionaldisclosure.

2.Aportfoliomanagerlearnsthatacompetitorisengaginginmarketmanipulation.Theportfoliomanagerisunawareofthespecificdetailsbuthasheardsufficientinformationtoreasonablybelievetheactivityisillegalandunethical.WhichofthefollowingactionsismostconsistentwiththeStandardofPracticeVI(Confidentiality)?

A)Reportingthecompetitorssuspectedactivitytoaregulatoryauthoritywithoutrevealingthesourceoftheinformation.

B)Ignoringtheinformationasitdoesnotdirectlyimpacttheportfoliomanagersownclientsorbusiness.

C)Sharingtheinformationwithothercolleagueswithinthefirmbutexplicitlywarningthemnottoreportitexternally.

D)Publiclyaccusingthecompetitorofmarketmanipulationonsocialmed