更多服务

特色服务

找学习资源

查报考信息

看备考资讯

备考工具箱

报考指南

报名入口

报名流程

考试动态

考试日历

备考指南

资料中心

福利政策

免费题库

全部

2016年CFA一级考试NOTES笔记分享（一）

来源：高顿网校 2015-12-14

Standard Ⅰ: Professionalism

A. Knowledge of the Law

1) Understand and comply with all laws, rules, and regulations (including Code and Standards) of any government, regulatory agency, or association governing professional activities

2) Comply with more strict law, rule, and regulation

3) Do not knowingly assist in violation, otherwise dissociate from activity.

Guidance

1)Most strict

2)First, notify supervisor or compliance

3)May confront wrongdoer directly

4)Dissociate if necessary

5)Inaction may be construed as participation (不行动是不对的)

6)No requirement to report violations to governmental authorities, but this may be appropriate in certain cases

Recommended Procedures

1)Keep informed, regularly review written compliance procedures, maintain files

2)Seek compliance/legal advice as needed

3)Encourage firms to adopt code of ethics

4)Distribute information internally on applicable laws and regulations

5)Have written procedures for reporting suspected violations

6)Members strongly encouraged to report violations by other members 对其他成员要检举揭发

B. Independence and Objectivity

1) Use reasonable care, judgment to achieve and maintain independence in professional activities

2) Do not offer, solicit, or accept any compensation that could compromise independence or objectivity 旅行，豪华餐饮等

Guidance

1)Modest gifts okay 尽管如此，但大部分也要拒绝

2)Distinguish between gifts from clients and gifts from entities trying to influence a member's behavior

3)May accept gift from clients-disclose to employer-get permission if gift is for future. When possible, prior to accepting “bonuses” or gifts from clients, members should disclose to employers such benefits offered by clients. If notification is not possible prior to acceptance, members must disclose to employers benefits previously accepted from clients.

4)Members responsible for hiring outside managers should not accept travel, gifts, or entertainment that could impair their objectivity

5)Investment banking relationships-do not bow to pressure to issue favorable research 投行部门压力

6)For issuer-paid research, flat fee structure is preferred; must disclose

7)Members working for credit rating firms should avoid influence by issuing firms

8)Users of credit ratings should be aware of this potential conflict

9)Best practice is for analysts to pay for their own commercial travel to firms being analyzed or to firm events

Recommended Procedures

1)Protect integrity of options - reports should reflect unbiased opinion

2)Create a restricted list

3)Restrict special cost arrangements

4)Limit gifts; clear value limits by firm (最多能够接受多少钱的礼物)

5)Be careful with IPO share allocations

C. Misrepresentation

Do not make misrepresentations relating to investment analysis, recommendations, actions, or other professional activities

A mispresentation is any untrue or omission of a fact or any statement that is otherwise false or misleading.

Guidance

1)Standard covers oral, written, or electronic communications

2)Do not misrepresent qualifications, services of self or firm, or performance record, characteristics of an investment

3)Do not guarantee a certain return

4)No plagiarism-written, oral, or electronic communications

Recommended Procedures

1)Firms can assist employees by providing written list of the firm's available services and a description of the firm's qualifications

2)Maintain records of materials used to prepare research reports, and quote source, except for "recognized financial and statistical reporting services". 比如Bloomberg或者很知名的官网,比如US treasury Website.

3)Models and analysis of others at the firm may be used without attribution可以随便引用公司同事的分析; but the report written by another analysts employed by the firms cannot be used as another analyst’s work.

4)Should encourage firm to establish procedures for verifying marketing claims of third parties recommended to clients

D. Misconduct (Mummy’s rule)

Do not engage in any professional conduct involving dishonesty, fraud, deceit, or commit any act that reflects adversely on professional reputation, integrity, or competence. Fail to act when required by one’s professional obligations, such as neglecting to perform due diligence related to investment recommendations, violates Misconduct.

Guidance

This Standard covers conduct that may not be illegal, but could adversely affect a member's ability to perform duties

Recommended Procedures

1)Adopt a code of ethics to which every employee must adhere

2)Disseminate a list of potential violations and associated disciplinary sanctions

3)Conduct background checks on potential employees -- look for good character and eligibility to work in the investment industry

　　高顿网校温馨提醒

　　各位考生，2016年6月CFA备考已经开始，为了方便各位考生能更加系统地掌握考试大纲的重点知识，帮助大家充分备考，体验实战，高顿网校开通了全免费的CFA题库（包括精题真题和全真模考系统），题库里附有详细的答案解析，学员可以通过多种题型加强练习，通过针对性地训练与模考，对学习过程进行全面总结。点击进入CFA免费题库>>>

专业的CFA考生学习平台与职业发展平台，干货满满，抢鲜分享。欢迎关注微信号gaoduncfaCFA学习与分享QQ群：490459770

　 490459772

　　CFA高清网课免费体验 CFA名师精品班免费试听　CFA考试免费题库【手机题库下载】| 在线直播

精彩推荐：CFA招生专题

版权声明：本条内容自发布之日起，有效期为一个月。凡本网站注明“来源高顿教育”或“来源高顿网校”或“来源高顿”的所有作品，均为本网站合法拥有版权的作品，未经本网站授权，任何媒体、网站、个人不得转载、链接、转帖或以其他方式使用。经本网站合法授权的，应在授权范围内使用，且使用时必须注明“来源高顿教育”或“来源高顿网校”或“来源高顿”，并不得对作品中出现的“高顿”字样进行删减、替换等。违反上述声明者，本网站将依法追究其法律责任。本网站的部分资料转载自互联网，均尽力标明作者和出处。本网站转载的目的在于传递更多信息，并不意味着赞同其观点或证实其描述，本网站不对其真实性负责。如您认为本网站刊载作品涉及版权等问题，请与本网站联系(邮箱fawu@gaodun.com，电话：021-31587497)，本网站核实确认后会尽快予以处理。

展开全文咨询在线

点一下领资料

【超详细保姆教程】CFA考试真题

真题高频考点，刷题全靠这份资料

下载合集

CFA报考指南

梳理核心考点，一图看懂全部章节

下载合集

CFA-L1-考纲-新版/p>

全科备考学习打卡表,备考按照计划走

cfa备考热门问题解答

cfa证书就业岗位有哪些？: cfa考完后可以从事的工作包括公司会计、基金经理助理、投资管理师、股票研究分析师、基金分析师、投资产品分析师、券商助理分析师、交易员等。在全球范围内，cfa会员的雇主包括了摩根大通、汇丰银行等机构。

cfa考试内容有哪些？: cfa考试分为三个等级，cfa一级和二级考试科目包括《职业伦理道德》、《定量分析》、《经济学》、《财务报表分析》、《公司理财》、《投资组合管理》、《权益投资》、《固定收益投资》、《衍生品投资》、《其他类投资》。cfa三级考试科目包括《经济学》、《投资组合管理》、《权益投资》、《职业伦理道德》、《固定收益投资》、《其他类投资》、《衍生工具》。

cfa一年考几次？: cfa每年考试的次数每个级别均有不同，其中CFA一级考试每年设置四次，CFA二级考试每年设置三次，CFA三级考试每年设置两次。需注意，协会规定考生必须要按照CFA考试的三个级别，依次进行报考，且报考两个级别考试的窗口之前需至少间隔6个月。

cfa的含金量如何？: CFA证书全称Chartered Financial Analyst（特许注册金融分析师），是全球投资业里最为严格与高含金量资格认证，为全球投资业在道德操守、专业标准及知识体系等方面设立了规范与标准，具有较高的知名度和影响力。英国的国际学术认证中心，还将持有CFA证书视为拥有硕士学历水平，能让想进修的金融专业人士，充分学习等同于金融硕士的知识课程。此外，人民日报三年内连续四次推荐CFA证书！因此，无论是从国际知名度还是国内知名度来说，CFA资格认证的含金量和认可度都是非常高的。

在线提问

严选名师全流程服务

陈一磊

高顿CFA研究院主任