GIPS Study guides, Class notes & Summaries

CFA- Level 1 Ethical & Professional Standards Exams 72 Questions with Answers What are the seven standards of professional conduct? (LOS 1.b) -CORRECT ANSWER I: Professionalism II: Integrity of Capital Markets III: Duties to Clients IV: Duties to Employers V: Investment Analysis, Recommendations, and Actions VI: Conflicts of Interest VII: Responsibilities as a CFA Institute Member or CFA Candidate What are the six components of the Code of Ethics? (LOS 1.b) -CORRECT ANSWER o *Act...

IACCP Master Questions Bank with Answers 100% solved Rated A+IACCP Master Questions Bank with Answers 100% solved Rated A+ Contains marking scheme The SMC Capital, Inc. No-Action Letter (September 5, 1995) states that trade allocations may occur: A. Only on a rotational basis B. On a pro rata basis but other allocation methods can be used without violating the Advisers Act C. Only on a pro rata basis D. Based on the trader's good faith discretion – Which of the following should ...

Frank Clotti is an investment analyst working for a credit rating agency. Clotti has been told by his immediate supervisor that structured products issued by a certain client should not receive a rating that is below investment grade, as it might affect the advisory relationship that the credit rating agency has with the client. Clotti has already conducted his analysis and concluded that several of the structured products issued by the client should be rated as below investment grade. According...

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...

The difference between a hedge fund's trading net asset value and its accounting net asset value is that: - Answer- Trading NAV adjusts accounting NAV downward to account for illiquidity of a hedge fund's investments, such as positions that are large relative to trading volume. An additional risk of direct investment in real estate, which is not typically a significant risk in a portfolio of traditional investments, is: - Answer- liquidity risk A portfolio manager who adds hedge funds to...

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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...

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...