2025年CFA一級考試道德與專業(yè)標準模擬試卷（含答案）考試時間：______分鐘總分：______分姓名：______2025年CFA一級考試道德與專業(yè)標準模擬試卷Instructions:Choosethebestanswerforeachofthefollowingquestions.1.Ananalystatasell-sideinvestmentbankispreparingaresearchreportonCompanyXYZ.ThereportisscheduledforpublicationonTuesday.OnMondaymorning,theanalystreceivesnon-publicinformationindicatingthatCompanyXYZisabouttoannouncesignificantlybetter-than-expectedquarterlyearnings.Theanalyst'sbrotherworksasaninvestmentmanageratalargepensionfundandisexpectedtocalltheanalystlaterthatdayforresearchinsights.Theanalystknowsthatsharingthenon-publicinformationwiththebrotherwouldviolateCFAInstituteStandardVI(A)(ConflictofInterest)becauseitcreatesanA.unfairadvantageforthebrother'sclient.B.explicitconflictbetweentheanalyst'spersonalinterestandthedutytotheemployer.C.potentialforharmtothefirm'sreputationifdiscovered.D.breachofthedutyofloyaltytothefirm,astheanalystisprioritizingpersonalgain.2.WhichofthefollowingactionsbyaninvestmentmanagerwouldmostlikelybeconsideredaviolationofCFAInstituteStandardI(B)(DutyofLoyalty)towardstheiremployer?A.Disclosingtotheportfoliomanagerthatthefirmisconsideringanacquisitionofacompetitor,asrequiredbyStandardII(A)(DutyofLoyaltytoClients).B.Usingnon-public,bullishinformationaboutthefirm'sownstockthatwaslegallyobtainedforinternalpurposes,inapersonalinvestmentdecision,providedthemanagerisnotinapositiontoinfluenceitsprice.C.Recommendingtoaclientanewinvestmentproductlaunchedbythefirm,eventhoughitisnottheabsolutebestfitfortheclient'sspecificneeds,becauseitgenerateshighersalescommissionsforthemanager.D.Refusingtotradeonsensitive,non-publicinformationaboutthefirm'supcomingstrategicplan,recognizingthepotentialharmtothefirmanditsclientsifsuchinformationwereleaked.3.Aportfoliomanagerisresponsibleformanagingtwoseparateclientportfolios.ClientAisalargeinstitutionalinvestor,andClientBisasinglewealthyindividual.ClientAinstructstheportfoliomanagertoexecutealargeorderforaparticularstockatthemarketpriceduringaperiodofhighvolatility.Simultaneously,ClientBrequeststheportfoliomanagertobuythesamestockataslightlybetterprice,giventhemanager'sexpertiseandpotentialinformationadvantage.TheportfoliomanagerexecutesClientA'sorderatthemarketpricebutfailstohonorClientB'srequest,tellingClientBtheordercouldnotbefilledduetothemarketconditions.Whichaction,ifany,bytheportfoliomanagermostlikelyviolatesaCFAInstituteStandard?A.ExecutingClientA'sorderatthemarketprice,violatingStandardIII(A)(DutyofCare).B.FailingtohonorClientB'srequest,violatingStandardI(B)(DutyofLoyalty)towardsClientA.C.FailingtohonorClientB'srequest,violatingStandardI(A)(DutyofCare)towardsClientB.D.NoactionviolatesaCFAInstituteStandard.4.Anassociateataninvestmentfirmisattendingaconferencewhereaformercolleague(nowanemployeeofacompetitor)willbepresenting.Theassociateknowsthecompetitorhasrecentlylaunchedanewproductlinethatisexpectedtounderperformsignificantly.Thecolleaguedoesnotmentionthisinformationduringthepresentation.Aftertheconference,theassociatesharestheanticipatedunderperformanceinformationwithseveralotherinvestmentprofessionalsatthefirm,mentioningitisbasedon"industryknowledgegainedattheconference."Thefirm'spolicyrequiresemployeestodiscloseanynon-public,materialinformationtheyobtainthatcouldaffectthefirm'sbusiness.Whichofthefollowingactions,ifany,bytheassociatemostlikelyviolatesaCFAInstituteStandard?A.Theassociate'ssharingoftheinformationdoesnotviolateanystandardsbecausetheinformationwasheardsecond-handatapublicconferenceandnotdirectlyfromthecompetitor.B.Theassociate'ssharingoftheinformationviolatesStandardI(D)(DutytoConveyInformation)becausetheinformationisnon-publicandmaterial.C.Theassociate'ssharingoftheinformationviolatesStandardII(A)(ConflictofInterest)becauseitpotentiallygivesthefirmanunfairadvantage.D.Theassociate'ssharingoftheinformationviolatesStandardIII(B)(DutytoPracticeandMaintainCompetence)becausetheassociateisspreadingrumorswithoutverifyingtheiraccuracy.5.Afinancialadvisorismeetingwithapotentialclient.Duringtheconversation,theadvisormentionsthatoneoftheadvisor'scurrentclientsrecentlyinvestedasubstantialamountofmoneybasedontheadvisor'srecommendation,andtheinvestmenthasperformedverywell.Theadvisorusesthisanecdotetopersuadethepotentialclientthattheadvisor'sinvestmentstrategiesaresuccessfulandtoencouragethepotentialclienttoinvest.Whichaction,ifany,bytheadvisormostlikelyviolatesaCFAInstituteStandard?A.Theadvisor'sactiondoesnotviolateanystandardsaslongastheadvisorhasdisclosedthattheyarecompensatedbytheclientstheymanage.B.Theadvisor'sactionviolatesStandardI(B)(DutyofLoyalty)becausetheadvisorispotentiallymisrepresentingpastperformance.C.Theadvisor'sactionviolatesStandardII(A)(ConflictofInterest)becausetheadvisorisusingthesuccessofoneclienttopotentiallybenefitanotherclient.D.Theadvisor'sactionviolatesStandardVI(C)(Misrepresentation)becausetheadvisorismakinganunsolicited,potentiallymisleadingrecommendationbasedonanunverifiedsuccessstory.6.WhichofthefollowingstatementsregardingCFAInstituteStandardIII(A)(DutyofCare)ismostaccurate?A.Itrequiresportfoliomanagerstoalwaysattempttomaximizetheshort-termcapitalappreciationoftheirclients'portfolios,regardlessoftheclient'sinvestmentobjectivesortimehorizon.B.Itrequiresportfoliomanagerstoconstructportfoliosthatarediversifiedonlyiftheclientexplicitlyrequestsdiversification.C.Itobligatesportfoliomanagerstoactwiththeskillandcarethatareasonablyprudentinvestmentmanagerwouldexerciseinsimilarcircumstances.D.Itpermitsportfoliomanagerstodelegateallinvestmentdecision-makingtosubordinateswithoutretainingultimateresponsibility.7.Asell-sideresearchanalystispreparingareportonCompanyQ.TheanalystusespubliclyavailableinformationfromCompanyQ'swebsite,financialstatements,andrecentnewsarticlestoconstructadetailedmodelpredictingCompanyQ'sfutureearningsgrowth.Theanalystalsoincludesasectioninthereporthighlightingpotentialriskstothecompany'sbusiness.However,theanalyst'spersonalopinion,basedonextensiveindustryknowledgeandnetworkcontacts,isthatCompanyQ'sstockissignificantlyundervaluedandisabuyrecommendation.Thefirm'spolicyrequiresresearchreportstobeobjectiveandbasedsolelyonpubliclyavailableinformation.Theanalystincludesthebuyrecommendationinaseparate,clearlylabeledsectionofthereportintendedforinternaluseonlybythesalesteam.Whichaction,ifany,bytheanalystmostlikelyviolatesaCFAInstituteStandard?A.Theanalyst'sinclusionofthebuyrecommendationinaseparatesectionforinternalusedoesnotviolateanystandards.B.Theanalyst'sinclusionofthebuyrecommendationviolatesStandardI(A)(DutyofLoyalty)towardsthecompany,asitimpliesapersonalbiasthatmaynotbereflectedintheobjectiveanalysis.C.Theanalyst'sinclusionofthebuyrecommendationviolatesStandardII(A)(ConflictofInterest)becausetheanalystispotentiallyusingtheiraccesstonon-publicinformation(personalopinion)tobenefitthefirm'ssalesteam.D.Theanalyst'sinclusionofthebuyrecommendationviolatesStandardIII(B)(DutytoPracticeandMaintainCompetence)becausetherecommendationisbasedonpersonalopinionratherthanobjectiveanalysis.8.AninvestmentmanagerismanagingaportfolioforClientX.TheportfoliocurrentlyholdsStockP,whichhasabetaof1.2.ClientXrequeststhemanagertoaddStockQ,whichhasabetaof0.8,totheportfoliotoreduceoverallportfoliorisk.ThemanageranalyzesStockQanddeterminesitisahigh-qualityinvestmentthatalignswellwiththeportfolio'sstrategy,butitslowerbetamakesitunsuitableforClientX'srisktoleranceandinvestmentobjectiveofcapitalappreciation.ThemanagerdecidestoaddStockQanywaytomeetClientX'srequestforlowerrisk.Whichaction,ifany,bythemanagermostlikelyviolatesaCFAInstituteStandard?A.Themanager'sactiondoesnotviolateanystandardsaslongasthemanageradequatelydocumentstherationaleforthepurchase.B.Themanager'sactionviolatesStandardI(B)(DutyofLoyalty)becausethemanagerisprioritizingthereductionofportfolioriskovertheclient'sobjectiveofcapitalappreciation.C.Themanager'sactionviolatesStandardIII(A)(DutyofCare)becausethemanagerfailedtoactwiththeskillandcareexpectedofaprudentmanager,giventhemismatchbetweentheinvestmentandtheclient'sobjectives.D.Themanager'sactionviolatesStandardVI(B)(PositionLimits)becauseaddingStockQchangestheportfolio'sriskprofileandpotentiallyexceedsestablishedlimits.9.AportfoliomanagerisconsideringbuyingalargeblockofsharesinCompanyR.ThemanagerknowsthatCompanyR'sCEOisaclosepersonalfriendandthattheCEOrecentlyinformedthemanageraboutanupcomingacquisitionthatisexpectedtosignificantlyincreaseCompanyR'sstockprice.Themanagerdecidestoplacetheordertobuythesharesbeforetheacquisitionispubliclyannounced.ThemanagerdoesnotinformtheircompliancedepartmentaboutthepotentialconflictarisingfromtheirfriendshipwiththeCEO.Whichaction,ifany,bythemanagermostlikelyviolatesaCFAInstituteStandard?A.Themanager'sactiondoesnotviolateanystandardsaslongasthetradeexecutesatafairmarketprice.B.Themanager'sactionviolatesStandardI(B)(DutyofLoyalty)towardsthefirmbecausethemanagerisusingpersonalinformationforpersonalgain.C.Themanager'sactionviolatesStandardII(A)(ConflictofInterest)becausethemanagerhasnotdisclosedthepersonalrelationshipandthepotentialnon-publicinformation.D.Themanager'sactionviolatesStandardVI(C)(Misrepresentation)becausethemanagerisattemptingtotradeonnon-public,materialinformation.10.Afinancialplannerismeetingwithaclientwhoisconsideringswitchingfinancialadvisors.Theplannerhasbeenworkingwiththeclientforfiveyearsandhasbuiltastrongrelationship.Theclientexpressesconcernsaboutfeeschargedbytheplanner'sfirm.Theplannerbecomesargumentativeandemphasizestheplanner'sextensiveworkhistorywiththeclient,suggestingthattheclientwouldbeunwisetoswitchadvisors.Theplanneralsomentionsthatiftheclientswitches,theplanner'sbonusfortheyearwillbesignificantlyreduced.Whichaction,ifany,bytheplannermostlikelyviolatesaCFAInstituteStandard?A.Theplanner'sactiondoesnotviolateanystandardsaslongastheplannerisnotmakingfalsepromisesaboutfutureperformance.B.Theplanner'sactionviolatesStandardI(B)(DutyofLoyalty)towardstheclientbecausetheplannerisusingtheexistingrelationshiptopressuretheclientandispotentiallymotivatedbypersonalgain(reducedbonus).C.Theplanner'sactionviolatesStandardII(A)(ConflictofInterest)becausetheplanner'spersonalfinancialinterest(reducedbonus)conflictswiththeclient'sbestinterest.D.Theplanner'sactionviolatesStandardV(A)(DutytoPracticeandMaintainCompetence)becausetheplannerisnotdemonstratingthenecessaryprofessionalismandobjectivityintheclientinteraction.11.WhichofthefollowingstatementsregardingCFAInstituteStandardIV(A)(DutytoMaintainConfidentiality)ismostaccurate?A.Employeesarepermittedtosharenon-public,materialinformationaboutclientsorthefirmwithotheremployeesifitisdoneforlegitimatebusinesspurposes,providedtheinformationisnotdisclosedoutsidethefirm.B.Employeesmaydisclosenon-public,materialinformationaboutthefirm'sbusinessstrategytotheirfamilymembersiftheinformationisnotwidelyknownwithintheindustry.C.StandardIV(A)doesnotapplytoemployeesofinvestmentfirmswhodonothavedirectcontactwithclients.D.Employeesmustalwaysobtainexplicitclientconsentbeforeusinganynon-publicinformation,eveniftheinformationiswidelyknownwithinthefirmandhasnoimmediatecommercialvalue.12.Ajunioranalystataninvestmentbankisassignedtoassistasenioranalystinpreparingaresearchreport.Duringthepreparation,thejunioranalystdiscoversthatthesenioranalysthasinadvertentlyusedproprietaryinformationfromacompetitor,obtainedthroughasecuritybreach,tosupportapositiverecommendationinthereport.Thejunioranalystisconcernedthatusingthisinformationviolatesthefirm'spoliciesandpotentiallyCFAInstitutestandards.Whichaction,ifany,bythejunioranalystmostlikelyviolatesaCFAInstituteStandard?A.Thejunioranalyst'sprimarydutyistoassistthesenioranalyst,sotheyshouldnotreporttheissue,asitmightjeopardizetheirjobsecurity.B.Thejunioranalyst'ssilenceviolatesStandardI(D)(DutytoConveyInformation)becausetheanalystknowsofapotentialviolationoffirmpolicyandCFAInstitutestandards.C.Thejunioranalyst'sdisclosureoftheissuetothesenioranalyst'ssupervisoristhemostappropriatecourseofactionanddoesnotviolateanystandards.D.Thejunioranalyst'sdisclosureoftheissuetothemediaisnecessarytoprotectinvestorsanddoesnotviolateanystandards.13.Aninvestmentadvisorismeetingwithaprospectiveclient.Theadvisoraskstheclientaseriesofdetailedquestionsabouttheirfinancialsituation,investmentobjectives,andrisktolerance.Basedonthisinformation,theadvisorrecommendsaspecificinvestmentstrategy.Theadvisorthenpresentstheclientwithalonglistofpotentialinvestmentsthattheadvisorhaspersonallyscreenedanddeemedsuitable,withoutdiscussinghowthesespecificinvestmentsfitintotheoverallrecommendedstrategy.Theadvisortellstheclient,"Youcanchooseanyoftheseinvestmentsyoulike."Whichaction,ifany,bytheadvisormostlikelyviolatesaCFAInstituteStandard?A.Theadvisor'sactiondoesnotviolateanystandardsaslongastheadvisordisclosedthattheyarecompensatedforgeneratingleads.B.Theadvisor'sactionviolatesStandardI(A)(DutyofLoyalty)becausetheadvisorisnotfullydisclosingthebasisfortherecommendations.C.Theadvisor'sactionviolatesStandardII(A)(ConflictofInterest)becausetheadvisormaybenefitfromtheclientchoosingspecificinvestmentsthatgeneratehighercommissions.D.Theadvisor'sactionviolatesStandardV(B)(DutytoTreatCustomersFairly)becausetheadvisorisnotprovidingpersonalizedadvicebasedontheclient'sspecificneeds.14.WhichofthefollowingstatementsregardingCFAInstituteStandardV(B)(DutytoTreatCustomersFairly)ismostaccurate?A.Thisstandardonlyappliestosituationswhereaninvestmentprofessionalhasdirectcontactwithclientsanddoesnotapplytoemployeeswhoonlyworkinternally.B.Thisstandardrequiresinvestmentprofessionalstoprovidethesamelevelofserviceandattentiontoallclients,regardlessoftheclient'sassetsundermanagement.C.Thisstandardpermitsinvestmentprofessionalstoofferpreferentialtreatmenttolargeinstitutionalclientsoversmallerindividualclients,aslongasthepreferentialtreatmentisdisclosed.D.Thisstandardrequiresinvestmentprofessionalstoensurethatallclientsreceiveinvestmentrecommendationsthataresuitablefortheirspecificneedsandobjectives.15.AninvestmentmanagerisresponsibleforaportfolioofEuropeanequities.Themanagerreceivesarequestfromaclienttotransferasignificantportionoftheportfoliotoanothermanageratthesamefirm.Themanagerknowsthatthefirmhasapolicyrequiringapprovalfromtheheadofresearchbeforeanysubstantialtransfersofassetsmanagedbythefirm'sresearchteamtootherteamswithinthefirm.Themanagerisawarethattheheadofresearchiscurrentlyonvacation.Themanagerdecidestoapprovethetransferinternallywithoutwaitingfortheheadofresearch'sreturn,assumingitisaroutinematter.Whichaction,ifany,bythemanagermostlikelyviolatesaCFAInstituteStandard?A.Themanager'sactiondoesnotviolateanystandardsaslongasthetransferisprocessedcorrectlyfromanoperationalstandpoint.B.Themanager'sactionviolatesStandardI(B)(DutyofLoyalty)towardsthefirmbecausethemanagerbypassedtheestablishedinternalapprovalprocess.C.Themanager'sactionviolatesStandardI(D)(DutytoConveyInformation)becausethemanagerfailedtofollowtheproperprocedureforassettransfers.D.Themanager'sactionviolatesStandardVI(A)(ConflictofInterest)becausethemanagermaybenefitpersonallyfromtheportfoliotransfer(e.g.,throughperformancemetrics).16.AportfoliomanagerismanagingaportfoliothatincludesStockX.ThemanagerreceivesatipfromareliablesourcethatthegovernmentisabouttoimposenewregulationsontheindustryinwhichStockXoperates,whichwillnegativelyimpactthestockprice.Thesourceconfirmstheregulationwillbeannouncedthenextbusinessday.ThemanagerdecidestosellallpositionsinStockXimmediatelytoavoidpotentiallossesfortheportfolio.However,themanagerforgetstotelltheircompliancedepartmentaboutthetiporthetrade.Whichaction,ifany,bythemanagermostlikelyviolatesaCFAInstituteStandard?A.Themanager'sactiondoesnotviolateanystandardsaslongasthetradeisexecutedatafairmarketpriceandthemanagerexpectsthestocktoperformpoorlyanyway.B.Themanager'sfailuretodisclosethetiptocomplianceviolatesStandardII(A)(ConflictofInterest)becausethemanagerhadnon-public,materialinformation.C.Themanager'sfailuretodisclosethetiptocomplianceviolatesStandardVI(B)(PositionLimits)becausethemanagermadeasignificanttradebasedonnon-publicinformation.D.Themanager'sfailuretodisclosethetiptocomplianceviolatesStandardI(D)(DutytoConveyInformation)becausethemanagerdidnotreportpotentialmaterialnon-publicinformationtothefirm.17.Afinancialadvisorisspeakingtoaclientwhoisconsideringinvestingalargesumofmoney.Theadvisorhasrecommendedaspecificinvestmentproductthatcarriesahighdegreeofrisk.Theclientexpressesconcernabouttheriskandasksforalternativeoptions.Theadvisorresponds,"Ifyoudon'tinvestinthisproduct,youwillmissoutonsignificantreturns.Iguaranteethisisthebestopportunityyou'llhavethisyear."Whichaction,ifany,bytheadvisormostlikelyviolatesaCFAInstituteStandard?A.Theadvisor'sactiondoesnotviolateanystandardsaslongastheadvisoriscompensatedbasedontheamountofassetsundermanagement.B.Theadvisor'sstatement,"Iguaranteethisisthebestopportunity,"violatesStandardI(B)(DutyofLoyalty)becausetheadvisorismakinganunsubstantiatedguaranteeaboutfutureperformance.C.Theadvisor'sstatement,"Iguaranteethisisthebestopportunity,"violatesStandardVI(C)(Misrepresentation)becausetheadvisorismakingamisleadingstatementabouttheinvestment'sprospects.D.Theadvisor'sactionviolatesStandardV(B)(DutytoTreatCustomersFairly)becausetheadvisorisnotprovidingobjectiveinformationabouttherisksandalternatives.18.WhichofthefollowingactionsbyaninvestmentmanagerwouldmostlikelybeconsideredaviolationofCFAInstituteStandardIII(B)(DutytoPracticeandMaintainCompetence)?A.Themanagerrecommendsaninvestmentstrategytoaclientthatrequiresunderstandingcomplexderivatives,andthemanagerhasthenecessaryexpertiseinthisarea.B.Themanagerrecommendsaportfolioofstockstoaclientbasedonextensiveresearchandanalysisofthecompanies'fundamentals.C.Themanagerrecommendsalow-risk,fixed-incomeportfoliotoaclientwhohaslimitedinvestmentknowledge,explainingthecharacteristicsandrisksinvolved.D.Themanagerreliesontheresearchreportsprovidedbyareputablethird-partyserviceproviderwithoutperformingtheirownindependentanalysis,assumingthismeetsthestandardofcare.19.AportfoliomanagerisresponsibleforaclientportfoliothatincludesStockY.Themanager'semployerissuesapressreleasestatingthatthecompany'squarterlyearningswillsignificantlyexceedanalystestimatesduetoanunexpectedpositivedevelopment.Themanagerlearnsthatthepositivedevelopmentisbasedonpreliminaryinternalcalculationsthatarestillsubjecttoreviewandpotentialrevision.ThemanagerimmediatelyplacesalargeordertobuyStockYatthemarketprice,anticipatingthepositivenewswilldrivethestockpriceup.Themanagerdoesnotdisclosetotheclientthattheinformationisbasedonpreliminary,unverifiedinternaldata.Whichaction,ifany,bythemanagermostlikelyviolatesaCFAInstituteStandard?A.Themanager'sactiondoesnotviolateanystandardsaslongasthetradeisexecutedatafairmarketprice.B.Themanager'sfailuretodisclosethepreliminarynatureoftheinformationviolatesStandardI(B)(DutyofLoyalty)towardstheclient.C.Themanager'sfailuretodisclosethepreliminarynatureoftheinformationviolatesStandardII(A)(ConflictofInterest)becausethemanagerispotentiallytradingonpotentiallynon-publicinformation.D.Themanager'sfailuretodisclosethepreliminarynatureoftheinformationviolatesStandardIV(A)(DutytoMaintainConfidentiality)becausethemanagerisusingnon-publicinformation.20.Aninvestmentanalystatabuy-sidefirmispreparingaresearchreportonCompanyZ.Thereportincludesasectiondiscussingthecompany'scompetitiveadvantages.Theanalystincludesagraphthatisnearlyidenticaltoonepreviouslypublishedbyacompetitor'sanalyst,buttheanalystmodifiestheY-axisscaletomakeCompanyZ'sperformanceappearmorefavorable.Theanalystjustifiesthismodificationbystatingthatitiscommonpracticeintheindustrytoadjustgraphstohighlightkeytrends.Whichaction,ifany,bytheanalystmostlikelyviolatesaCFAInstituteStandard?A.Theanalyst'sactiondoesnotviolateanystandardsaslongastheunderlyingdatausedisaccurate.B.Theanalyst'sactionviolatesStandardI(A)(DutyofLoyalty)towardsCompanyZbecausetheanalystisintentionallymisrepresentingthecompany'sperformance.C.Theanalyst'sactionviolatesStandardII(A)(ConflictofInterest)becausetheanalystmaybetryingtogainacompetitiveadvantageoverthecompetitor.D.Theanalyst'sactionviolatesStandardVI(C)(Misrepresentation)becausetheanalystismanipulatingthepresentationofdatatocreateamisleadingimpression.---EndofTest試卷答案1.A2.C3.C4.B5.D6.C7.A8.C9.C10.B11.A12.B13.D14.D15.B16.B17.C18.D19.C20.D---解析思路1.A解析思路：分享非公開信息給個人（兄弟）會產(chǎn)生直接的利益沖突，使兄弟獲得不公平優(yōu)勢，這直接違反了StandardVI(A)的核心——利益沖突。選項B描述的是潛在的利益沖突，但題目描述的是實際發(fā)生的分享行為。選項C和D描述的是潛在后果或一般性原則，但不是違反VI(A)的直接原因。2.C解析思路：推薦不適合客戶的產(chǎn)品，僅僅因為能帶來更高的傭金，這表明投資經(jīng)理的動機（個人收益）優(yōu)先于客戶的最佳利益（忠誠義務(wù)）。這構(gòu)成了對客戶忠誠義務(wù)的違反，即違反了StandardI(B)。3.C解析思路：投資經(jīng)理未能滿足客戶B的合理交易請求（在可能的情況下以更好的價格買入），并且沒有提供充分理由，這違反了StandardIII(A)的“合理盡責(zé)”原則。經(jīng)理有責(zé)任在可能的情況下以合理的方式執(zhí)行客戶指令。4.B解析思路：雖然信息是在公開場合獲得，但該信息源自競爭對手且具有非公開性、材料性。根據(jù)StandardI(D)，員工有義務(wù)向雇主披露可能影響雇主業(yè)務(wù)運營的非公開、材料性信息。分享此信息給同事，而沒有通過適當渠道（如向合規(guī)部門報告）處理，意味著未能履行告知義務(wù)，構(gòu)成了對StandardI(D)的違反。選項A錯誤，因為信息的非公開性和材料性是關(guān)鍵。選項C和D描述的沖突或責(zé)任在此情境下不是最直接或最關(guān)鍵的違反標準。5.D解析思路：使用“成功案例”來說服潛在客戶進行投資，但這個案例缺乏具體細節(jié)（如客戶的具體情況、投資的風(fēng)險、時間的長短等），并且是基于一個未經(jīng)證實或可能帶有偏見的“故事”，而不是基于客觀事實和適合性分析。這可能構(gòu)成StandardVI(C)的“不當陳述”，即提供誤導(dǎo)性信息或建議。選項A錯誤，因為沒有披露傭金可能涉及違反其他標準，但此處核心問題是陳述本身。選項B和C過于絕對或混淆了概念。6.C解析思路：StandardIII(A)要求投資經(jīng)理以一個合理謹慎的專業(yè)人士在類似情況下會運用的技能和關(guān)懷來行事。這是對專業(yè)能力和審慎性的基本要求。選項A錯誤，因為StandardIII(A)關(guān)注的是合理盡