You are the Director of Compliance for a global financial services firm. Since joining the firm,...

 

Transcribed Image Text:

You are the Director of Compliance for a global financial services firm. Since joining the firm, you have fired a number of employees for misconduct, misrepresentation, and the failure to maintain independence and objectivity in their professional activities. As a result, you have developed the following policies and procedures that will hopefully prevent future violations of the CFA Institute Code and Standards. Policies and Procedures 1. Require employees to pay for transportation and lodging when attending meetings at clients headquarters. 2. Create and maintain a restricted list of companies which employees are prohibited from buying or selling, either themselves or via any other person or third party. 3. Require each portfolio manager to provide a summary of his or her qualifications and experience. 4. Develop a code of ethics to which every employee must subscribe. 5. Limit the value of acceptable gifts from clients to $35. 6. Provide a written list of the firm's available services and a description of the firm's qualifications. 7. Disseminate a list of potential ethics violations and their associated disciplinary sanctions to every employee. 8. Require analysts to properly attribute paraphrases or summaries of material presented by others. 9. Conduct a reference check on all potential employees. Which of the policies listed would help employees maintain independence and objectivity? O 1, 2 and 5 O 3, 6 and 8 O 2, 3 and 6 O 4, 7 and 9 Which of the policies listed would help employees avoid making misrepresentations? O 2.7 and 9 O 2, 3 and 6 0 4,7 and 9 O 3, 6 and 8 Which of the policies listed would help prevent employee misconduct? O 2, 3 and 6 O1, 2 and 5 O 3, 6 and 8 O 4, 7 and 9 You are the Director of Compliance for a global financial services firm. Since joining the firm, you have fired a number of employees for misconduct, misrepresentation, and the failure to maintain independence and objectivity in their professional activities. As a result, you have developed the following policies and procedures that will hopefully prevent future violations of the CFA Institute Code and Standards. Policies and Procedures 1. Require employees to pay for transportation and lodging when attending meetings at clients headquarters. 2. Create and maintain a restricted list of companies which employees are prohibited from buying or selling, either themselves or via any other person or third party. 3. Require each portfolio manager to provide a summary of his or her qualifications and experience. 4. Develop a code of ethics to which every employee must subscribe. 5. Limit the value of acceptable gifts from clients to $35. 6. Provide a written list of the firm's available services and a description of the firm's qualifications. 7. Disseminate a list of potential ethics violations and their associated disciplinary sanctions to every employee. 8. Require analysts to properly attribute paraphrases or summaries of material presented by others. 9. Conduct a reference check on all potential employees. Which of the policies listed would help employees maintain independence and objectivity? O 1, 2 and 5 O 3, 6 and 8 O 2, 3 and 6 O 4, 7 and 9 Which of the policies listed would help employees avoid making misrepresentations? O 2.7 and 9 O 2, 3 and 6 0 4,7 and 9 O 3, 6 and 8 Which of the policies listed would help prevent employee misconduct? O 2, 3 and 6 O1, 2 and 5 O 3, 6 and 8 O 4, 7 and 9

Answer rating: 100% (QA)

1 Policies listed would help employees maintain ... View the full answer