1. Hui Chen, CFA, develops marketing materials for an investment fund he founded three years ago. The materials show the three-year, two-year and one-year returns for the fund. He includes a
footnote that states in small print "Past performance does not guarantee future returns." He does not
claim compliance with the GIPS standards in the disclosures or footnotes. He also includes a
separate sheet showing the fund's most recent semiannual and quarterly returns, which notes that
those returns have been neither audited nor verified. Has Chen most likely violated any Codes and
Standards?
A. Yes, because he did not adhere to the Global Investment Performance Standards
B. No
C. Yes, because he included unaudited and unverified results
Bạn đang xem 1. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON VERSIONB QUESTIONS 2014
