2020年CFA考试《CFA三级》考试共题，分为。小编为您整理Ethical and Professional Standards (2)5道练习题，附答案解析，供您备考练习。

1、【单选题】

A.No.

B.Yes, only by misrepresenting her recommendations as independent.

C.

正确答案:B

答案解析:B is correct. It is not a violation to accept compensation from an issuer in exchange for research but 

2、【单选题】

A.No.

B.Yes, with respect to priority of client interests only.

C.

正确答案:C

答案解析:C is correct. Schmidt is on the board of a company whose stock is in microcap indexes. This is a 

3、【单选题】

A.holdings of the Japanese equity product.

B.relationship with the Swibank subsidiary.

C.compensation from the Swibank subsidiary.

正确答案:C

答案解析:C is correct. Standard VI(A)—Disclosure of Conflicts requires that members and candidates make full 

4、【单选题】

A.No.

B.Yes, because he does not have a reasonable basis.

C.Yes, because the account is unsuitable for Vanderon.

正确答案:A

答案解析:

5、Which of the following would be most effective to prevent any violation of the Asset Manager Code of Professional Conduct as reflected in Akinyi's Recommendation 3?【单选题】

A.The Fund does not participate in any of V2020's private placements.

B.V2020 discloses to all clients the relationship between V2020 and the Fund.

C.The Fund only retains a minority shareholding in V2020.

正确答案:B

答案解析:The Fund would comply with the Asset Manager Code if it made full disclosure to all of its clients regarding the relationship between the Fund and V2020's activities (the investment banking/corporate finance activities). Both parties should disclose any common ownership, even minority positions. If some of the private placements met the investment objectives of the Fund, it would harm the Fund's clients if the Fund was not able to invest in those private placements because of the potential conflict of interests.