CFA_Ethics_5

S retired several years ago and relinquished her membership in CFA Institute. She had the CFA designation up until then. She has decided to go back to work and puts the following statement on her resume: “I earned the CFA designation 10 years ago.” Is this a violation of Standard VII(B)?

A) No, because she uses "CFA" as a noun.
B) Yes, because she uses "CFA" as a noun.
C) Yes, she has used the letters "CFA" in an undignified manner.
D) No, as long as she does not indicate she currently has the designation.

CFA_Ethics_4

Standard VI(B), Priority of Transactions, applies to transactions an analyst takes on behalf of:

A) his employer.
B) his clients.
C) personal accounts.
D) all of these.

CFA_Ethics_3

Miller, CAIA, and Level II CFA candidate, heads the research department of a large brokerage firm. The firm has many analysts, some of whom are subjected to the CFA Institute Code of Ethics and Standards of Professional Conduct. If Miller delegates some of her supervisory duties, which statement best describes her responsibilities under the CFA Institute Code and Standards?

A) CFA Institute Standards prevent Miller from delegating supervisory duties to subordinates.
B) Miller's supervisory responsibilities do not apply to those subordinates who are not subjected to the CFA Institute Code and Standards.
C) Miller retains supervisory responsibilities for those duties delegated to her subordinates.
D) Miller no longer has supervisory responsibility for those duties delegated to her subordinates.

CFA_Ethics_2

Which of the following is NOT expressly prohibited by Standard I(C), Misrepresentation?

A) misrepresenting the services a member is capable of performing.
B) misrepresenting a member’s qualifications or the qualifications of their firm.
C) misrepresenting a member’s academic or professional credentials.
D) providing information on guaranteed investment products.

CFA_Ethics_1

An analyst who routinely purges the files that support his research and recommendations:

A) is acting in accordance to Standard III(E), Preservation of Confidentiality.
B) is acting in accordance to Standard IV(A), Loyalty to Employer.
C) may be violating Standard II(A), Material Nonpublic Information.
D) may be violating Standard V(C), Record Retention.

Practical Problems_Contract Act_87

What would be consequences of breach of employment bond given by an employees: On the employee himself, On the company that employs him subsequently. If the bond states that the employees can be used for criminal breach of trust on breach of the bond, how enforceable is this clause?

As regard the breach of the employment bond given by an employee in this regard it is advised that if an employee has signed a bond after he get specialized training from the company then a civil case can be filed against him for recovery of the amount mentioned in the bond if there is any breach. As regard the company that employs him subsequently, there is no liability of the company, which employs him subsequently. Breach of bond is not criminal breach of trust it is of civil consequences and that also have to be proved in the Court of Law. In no manner it can be termed as criminal breach of trust.

Providend Fund Act_Practical Problems_21

What are the rights of person if a contract has no mention of salary breakups and the employers PF is included as part of the Gross Salary?

There is nothing illegal if there is no mention of salary breakup and employers PF included as part of the Gross Salary. The PF can be deducted as a Contribution of employee from the Gross Salary. In addition the employer has to contribute his share of PF subject to maximum privilege prescribed in Section 6 of Act.