ethics questions: do u think these are violation ?

CFA Level II
#21

What’s there to discuss. First one seems like a violation but I came across an exact question on one of the Schweser mocks, and the answer is that it is not a violation. So unless Schweser made a mistake, you should be able to claim that it’s the highest standard. Second one, though I’ve never seen a question like it, I don’t see how it is NOT a violation. You can claim you passed everything first try, but CFA Ethics clearly state you CANNOT claim superior performance because of it.

#22

First one not a violation, second one is. Go to the cfai book and they straight out confirm what I just said. Thank u

#23

In fact you’ll find every answer to every exam question u have in the cfai texts. Kid u not every question I had, I found word for word in those books.

#24

So would you mind sharing if you’re required to reverse the trade when you front run the client, but end up paying a higher price than they do?

#25

brazilatz Wrote: ------------------------------------------------------- > So would you mind sharing if you’re required to > reverse the trade when you front run the client, > but end up paying a higher price than they do? the answer was…Brazil will lose early in the World Cup.

#26

I will not talk about exam questions. Sorry guy. Look in the text books, just like I did.

#27

ahhahahha wake wake… No way man, no way… Who’s your pick then? We’re gonna dominate this more than 2002

#28

brazilatz Wrote: ------------------------------------------------------- > So would you mind sharing if you’re required to > reverse the trade when you front run the client, > but end up paying a higher price than they do? Your firm, compliance officer, etc… is not going to reverse a trade in someone’s personal account. It doesn’t matter what price you paid, you traded ahead of your clients which violates your duties to clients. You are not required but should attempt to seek best price and execution for your clients. By putting your interests first you are violating that obligation. If an employee is allowed to do that then the necessary security protocols are not in place and need to be.

#29

While the firm cannot take that action itself, they can certainly force YOU to reverse the trade… you will end up eating a loss, or disgorging your profit in the form of a charitable donation …I have some experience in this area

#30

Correct DB. I am also in Compliance

#31

Great, its what I thought.

#32

brazilatz Wrote: ------------------------------------------------------- > Great, its what I thought. or is it? bwahahahaha, you will never know Mr. Brazil, alright last post and last time im on this forum till August.

#33

Bluerose85 Wrote: ------------------------------------------------------- > unfortunately, both are NOT violation!! > > It sounds like violation to me too (sigh) and i > got them wrong, is there any good explaination of > this? > > U can find these questions on mock exam 2009 Indeed, these are not violations…