CFA Practice Question

There are 356 practice questions for this topic.

CFA Practice Question

Andrew Funk is enrolled as a candidate in the CFA examination program. He works as an assistant for A-Plus Investments (AI). Funk sees AI's purchase list and purchases several of the recommended stocks. Funk least likely violates the CFA Institute Standard relating to ______.

A. Loyalty to Employer
B. Priority of Transactions
C. Diligence and Reasonable Care
Correct Answer: C

Funk least likely violates the standard relating to Diligence and Reasonable Care because he is taking investment actions on his own behalf rather than on behalf of clients. His actions violate the standards relating to Priority of Transactions (he trades ahead of his employer and its clients), Loyalty to Employer (his actions cause harm to his employer), and Misconduct (his actions reflect adversely on his professional integrity).

User Contributed Comments 2

User Comment
davidkhang Tricky... Tricky...
isalya Hate these least or more likely questions.
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