To claim compliance with the AIMR Performance Presentation Standards,
Answer(s): B
To claim compliance with the AIMR-PPS, the firm must comply with the Standards on a firmwide basis.Additionally, the firm must state exactly how it is defining itself for purposes of compliance.
Standard IV (B.5) deals with ________.
Answer(s): D
Standard IV (B.5) deals with the preservation of confidentiality of information communicated by clients or employers concerning matters within the scope of the client-member, employer-member relationship.
Which of the following is not a violation of Standard II (C)?
Answer(s): C
Using excerpts from articles or reports prepared by others, either verbatim, or with only a slight change, without acknowledgment; citing specific quotations, attributable to "leading analysts," without specific reference; using charts or graphs without stating their sources; and copying proprietary computerized spreadsheets or algorithms without seeking the authorization of their creators - all of these practices are violations of Standard II (C). Only globally recognized sources of factual material such as that provided by Standard & Poor's, or Moody's Investors Service, can be used without acknowledgment, since such information is already in the public realm.
Which of the following can be found in Standard II?
Answer(s): A
Standard II states: "Members shall not copy or use, in substantially the same form as the original, material prepared by another without acknowledging and identifying the name of the author, publisher or source of such material."
Social factors
ERISA guidelines issued by the U.S. Department of Labor state that ERISA prudence standard requires a fiduciary to make investment decisions first on grounds of economic and investment merit. Consideration of social factors may be an incidental, but never primary, consideration of investments that are equal in economic and financial terms.
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