单项选择题

Scott, CFA, is an analyst for M&D Investment Managers. He has recently accepted an invitation to visit the facilities of ChemCo, a producer of chemical compounds, ChemCo offers to pay for Scott’s accommodations in a penthouse suite at a luxury hotel and allow Scott to use the firm’s private jet to travel to its three facilities located in New York, Boston and Philadelphia. In addition, ChemCo offers two tickets to a high-society dinner in New York and a calculator with the ChemCo logo. Scott declines to use Chemco’s corporate jet or to allow the firm to pay for his accommodations but accepts the calculator and the tickets to the dinner (which he discloses to his employer) since he will be able to market his firm’s mutual funds to other guests at the dinner. Has Scott violated the Code and Standards

A. Yes.
B. No, since he is using the gifts accepted to benefit his employer’s interests.
C. No, since the gifts he accepts were fully disclosed in writing to his employer.

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单项选择题John, CFA, act as Liaison between Ressole Financial and DHK Inc. (an investing bank). When DHK underwrites an IPO, John routinely has DHK issue vague statements implying that the firm has cash flows, financial resources, and growth prospects that are better than is the case in reality. This action is a violation of the section of the Standards concerning:

A. fair dealing.
B. non-public information.
C. misconduct.

单项选择题An investment-banking department of a brokerage firm often receives material nonpublic information that could have considerable value if used in advising the firm’s brokerage clients. In order to conform to the Code and Standards, which one of the following is the best policy for the brokerage firm

A. Establish physical and informational barriers within the firm to prevent the exchange of information between the investment-banking and brokerage operations.
B. Permanently prohibit both purchase and sell recommendations of the stocks of clients of the investment-banking department.
C. Monitor the exchange of information between the investment-banking department and the brokerage operation.