GIPS Study guides, Class notes & Summaries

1. Richard Cardinal, CFA, is the founder of Volcano Capital Research, an investment management firm whose sole activity is short selling. Cardinal seeks out companies whose stocks have had large price increases. Cardinal also pays several lobbying firms to update him immediately on any legislative or regulatory changes that may impact his target companies. Cardinal sells short those target companies he estimates are near the peak of their sales and earnings and that his sources identify as ...

CFA Level I: Mock Exam #1 questions and answers, latest updated Under the CFAI's Professional Conduct Program (PCP), if the PCP staff determine that a sanction against a member is warranted, the member must either: ACCEPT OR REJECT a disciplinary sanction proposed by the PCP staff. If the member rejects the sanction, the matter is referred to a hearing before a disciplinary review panel of CFAI members. Robert Miguel, CFA, is a portfolio manager. On Saturday, one of his clients invited...

CFA LEVEL 1 CFAI MOCK EXAM WITH 100% QUESTIONS AND ANSWERS Can you initiate coverage on a company that is a potential client? - CORRECT ANSWER-Yes - as long as the recommendation is not unjustifiably favorable Tender Offers - CORRECT ANSWER-Mat., non-pub info -> can't use! To be GIPS compliant, a firm must adopt: - CORRECT ANSWER-the broadest definition of the firm *presented annually, to all clients Do you have to reveal referral fees even if $ isn't actually exchanged? - CORREC...

if you were fired from a previous job and fail to tell your new employer is that a violation and if so of what? - correct answer yes, misconduct. this information could potentially harm your new employer and he needs to know man! degress of price discrimination - correct answer 1st degree-- know price that every consumer is willing to pay. 2nd degree-- price varies according to quanity demanded. sellers aren't able to distinguish classes or consumers. third degree-- charging different prices...

CFA Level 1 Q&A Entire Exam + Explanation | Questions with 100% Correct Answers | Updated & Verified Sharon Fields, CFA, provides her two weeks' notice and prepares over the next two weeks to transition into her own business. She clears her personal computer of contacts and turns over all client records to her employer. Her contract requires a two-year waiting period before contacting clients located in her client file. After her final day with her employer, she updates her personal pages ...

Which of the following is most likely required to comply with the GIPS standards regarding input data? Portfolio valuations must: use accrual accounting for all interest bearing investments Li Chen, is a CFA candidate and an equity research analyst at an independent research firm. Chen is contacted by Granite Technologies, Inc., to write an issuer-paid research report on the firm to increase awareness of Granite's stock amongst the investment community. Which statement best represents how...

CFA Level 1 Terms Exam 234 Questions with Answers 2023 Standard 1A: Knowledge of the Law - CORRECT ANSWER Members and Candidates must understand and comply with all applicable laws, rules, and regulations (including the CFA Institute Code of Ethics and Standards of Professional Conduct) of any government, regulatory organization, licensing agency, or professional association governing professional activities. In the event of a conflict, Members and Candidates must comply with the more str...

Unlock your path to success in the Chartered Financial Analyst (CFA) Level I exam with our comprehensive study guide. Tailored to meet the rigorous demands of the CFA curriculum, this guide is designed to empower aspiring finance professionals on their journey to certification. Key Features: Thorough Coverage: Dive deep into all CFA Level I topics, from ethics and professional standards to portfolio management, equities, fixed income, and beyond. Our guide provides in-depth explanations, e...

CFA Mock Exams Level 1: past paper exam questions such as:- 1. By complying with GIPS standards firms cannot: A. eliminate the need for in-depth due diligence on the part of the investor. B. participate in competitive bids against other compliant firms throughout the world. C. assure prospective clients that the reported historical track record is complete and fairly presented. 2. In conversation with a prospective client, a portfolio manager stated “I cannot guarantee that you wi...

CFA Level 1 CFAI Mock Exam Questions With Correct Answers And Illustrations 2023