Samantha should carry out the transaction the way her employer wants her to, but she should keep it secret so as not to violate Standard I (A).Ĥ C. Samantha should dissociate from the activity and even consider handing in her resignation in order to comply with Standard I (A).b. What should Samantha do in this situation?a. Johannes tells Samantha, to her greatest disappoint-ment, that Erik is the one to decide about all this. She decides to consult Johannes, the senior brother, about the matter. If Samantha does as she is told, she will disregard the current change in law that has just been introduced.ģ When she said that to Erik, he replied that she will most certainly find the way, and besides it s been just a couple of days since the new regulation is in force and not everybody knows it should apply. Erik, one of the broth-ers working on a high managerial position, tells Samantha Fey, the employee of JJ & Brothers and a CFA candidate, to carry out one of some major transactions the old way. must wait till the next week before he uses the must not use the information as he has no reasonable basis to use is permitted to use the information but only for the benefit of his clients and not his JJ & Brothers is a family business run by brothers holding the CFA designation.

Raoul asks George whether he heard that Cloud Airlines are about to declare its insolvency next week.Ģ According to the Code and Standards, George:a. At a firm luncheon he meets Raoul, one of his colleagues from his previous work and a CFA charterholder. If your answer is incorrect or you omit a question, you receive 0 Topic: Copyright 2016 George, a CFA candidate, works in the City. You may score 1 point for every correct answer.

1 Copyright 2016 EXAM 1 LEVEL I CFA CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by Institute, CFA, and Chartered Financial Analyst are trademarks owned by CFA is always one correct answer for each question.

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