CFA考点职业伦理道德问题解答
备考必备 | 2015-11-09
CFA考点职业伦理道德问题1.我是一名听金程网校网课的学生，在金程CFA老师讲的eithics部分，有些地方我有些没听懂，想请教一下。问题一：关于Blume先生的案例，他发现公司名单时有一个Broker的名字（假设叫A），但是公司从来没有跟这个A所在的做过任何投资，A也没有做过任何研究报告。然后Blume就应该向上级汇报，如果上级觉得没事，他就应该离职。我想问的是，这个A什么都没有干，也算是违规么？违反了CFA什么规定？
I(A) Case 7. (Reporting Potential Unethical Actions) Blume, a portfolio manager, notes that a broker is responsible for the new business and is allocated payments for research. However, she knows the portfolios do not invest in securities in the broker’s country. And she has not seen any research come from this broker. Blume asks her supervisor about the name being on the list and is told that someone in marketing is receiving the research and that the name being on the list is OK. She believes that what is going on may be that the broker is being paid for new business through the inappropriate research payments and wishes to dissociate from the misconduct.
Comment: Blume should follow the firm’s policies and procedures for reporting potential unethical activity, which may include discussions with her supervisor or someone in a designated compliance department. She should communicate her concerns appropriately while advocating for disclosure between the new broker relationship and the research payments.
CFA考点职业伦理道德问题2.视频中35分1秒，关于member 给candidates 给行业专家提供compensation，让他们去进行分析评估，这个评估的结果，member和candidates自己不能用，也不能给别人用，（在讲义的P97页）。我很奇怪，既然我自己不能用，也不能让别人用，我画这个钱干嘛呢？给谁用呢？
金程CFA解答：Members and candidates may provide compensation to individuals for their insights without violating this standard. However, members and candidates are ultimately responsible for ensuring the information they receive does not constitute material nonpublic information.
ümembers and candidates would be prohibited from taking investment actions on the associated firm until the information became publicly known to the marketüFirms connecting experts with members or candidates often require both parties to sign agreements concerning the disclosure of material nonpublic information.
如果专家的分析报告中有违规的信息不能使用（比如内幕消息）。这点讲义中也写的很清楚，并且这个知识点是在讲义的96页。
CFA考点职业伦理道德问题3.视频36分26秒，关于well known的analysts的分析报告，他有偿的提供给他的客户，不算是内幕消息泄露，如果他的客户里面有mutual fund manager或者hedge fund manager，那这些manager可以利用这些分析报告作投资，不算违规对么？
金程CFA解答：任何人用well known analysts的分析报告做投资都不违规，因为well known analysts的分析报告只要投资者愿意都可以通过付费来获取。
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相关标签 CFA三级 CFA二级 CFA一级
