单项选择题

Edgar, CFA, a financial analyst and avid windsurfer, has begun an investment survey of the water sports leisure industry. His brother sells windsurfing gear and tells him that McGorell 5, the newest product manufactured by McGorell Enterprises, is the "hottest windsurfing rig on the market and will be highly profitable for McGorell Enterprises." Edgar had never heard of McGorell previously but after testing the board himself became very excited about the McGorell 5 and issued an investment recommendation of "buy" on McGorell Enterprises. As a result of issuing the recommendation, Edgar has:

A. not violated the Code and Standards.
B. violated the Code and Standards by failing to establish a reasonable and adequate basis.
C. violated the Code and Standards by failing to consider the suitability of the investment of his clients.

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单项选择题Which of the following actions is a required, rather than recommended, action under the Standard regarding diligence and a reasonable basis for a firm’s research recommendation

A. Have a policy requiring that research reports and recommendations have a basis that can be substantiated as a reasonable and adequate.
B. Compensate analysts based on measurable criteria to assess the quality of their research.
C. Review the assumptions used and evaluate the objectivity of externally generated research reports.

单项选择题Charles, CFA, is a managing director at NSSI, a regional brokerage firm. Charles manages the institutional fixed-income desk and is responsible for 20 employees in both the trading and sales departments. Charles recently called a meeting with the head of trading and the head sales to review the firm’s policies regarding trading by employees in their personal accounts. He instructed the two to review the information with the employees they supervise. A week after the meeting, Charles discovered that a sales assistant made personal trades during a firm blackout period on a restricted security. According to the Standard Ⅳ (C) Responsibilities of Supervisors, the least appropriate action for Charles to take is:

A. to speak directly to the employee and attain assurance that the violation will not be repeated.
B. begin an investigation to determine the extent of the wrongdoing.
C. increase the monitoring of the employee’s activities at the firm.