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NEW QUESTION: 1
Shirley Riley, CFA, has just been promoted, from vice president of trading to chief investment officer (CIO) at Crane & Associates, LLC (CA), a large investment management firm. Riley has been with CA for eight years, but she has much to learn as she assumes her new duties as CIO. Riley has decided to hire Denny Simpson, CFA, as the new compliance officer for CA, Riley and Simpson have been reviewing procedures and policies throughout the firm and have discovered several potential issues.
Communications with Clients
Portfolio managers are encouraged to communicate with clients on a regular basis. At a minimum, managers are expected to contact clients on a quarterly basis to review portfolio performance. Each client must have an investment policy statement (IPS) created when their account is opened, specifying the objectives and constraints for their portfolio. IPSs are reviewed at client request at any time. Any time market conditions dictate a change in the investment style or strategy of a client portfolio, the client is notified immediately by phone or email.
Employee Incentive Program
CA offers several incentive programs to employees. One of the most popular of these programs is the CA IPO program. Whenever CA is involved in an initial public offering (IPO), portfolio managers are allowed to participate. The structure is simple-for every 100 shares purchased on behalf of a client, the manager is awarded five shares for his own account. The manager is thus rewarded for getting an IPO sold and at the same time is able to share in the results of the IPO. Any¬time shares are remaining 72 hours before the IPO goes public, other employees are allowed to participate on a first-come, first-serve basis. Employees seem to appreciate this opportunity, but CA does not have exact numbers on employee participation in the program.
Private Equity Fund
CA has a private equity fund that is internally managed. This fund is made available only to clients with more than $5 million in assets managed by CA, a policy that is fully disclosed in CA's marketing materials.
Roughly one-third of the fund's assets are invested in companies that are either very small capitalization or thinly traded (or both). The pricing of these securities for monthly account statements is often difficult. CA support staff get information from different sources-sometimes using third party services, sometimes using CA valuation models. In some instances, a manager of the private equity fund will enter an order during the last trading hour of the month to purchase 100 shares of one of these small securities at a modest premium to the last trade price. If the trade gets executed, that price can then be used on the account statements. The small size of these trades does not significantly affect the fund's overall position in any particular company holding, which is typically several thousand shares.
Soft Dollar Usage
Several different managers at CA use independent research in developing investment ideas. One of the more popular research services among CA managers is "Beneath the Numbers (BTN)," which focuses on potential accounting abuses at prominent companies. This service often provides early warnings of problems with a stock, allowing CA managers the opportunity to sell their clients' positions before a negative surprise lowers the price. Stocks covered by BTN are typically widely held in CA client accounts.
Managers at CA have been so happy with BTN that they have also subscribed to a new research product provided by the same authors-"Beneath the Radar (BTR)." BTR recommends small capitalization securities that are not large enough to attract much attention from large institutional investors. The results of BTR's recommendations are mixed thus far, but CA managers are willing to be patient.
As they discuss these issues, Riley informs Simpson that she is determined to bring CA into full compliance with the CFA Institute's "Asset Manager Code of Professional Conduct." The following questions should be answered with the Asset Manager Code as a guide.
Participation in CA's private equity fund is limited to clients with $5 million under management. This policy:
A. docs not violate the Asset Manager Code of Professional Conduct.
B. is not consistent with the Asset Manager Code of Professional Conduct.
C. would be acceptable so long as a similar investment vehicle was made available to all clients.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
It is perfectly reasonable for CA to offer certain services or products only to clients meeting specified criteria, such as assets under management. (Study Session 2, LOS 6.b)
NEW QUESTION: 2
You are deploy Cisco Unified Communications Manager Device Mobility in your environment, you note that phones in a remote site are failing to register. Which two actions correct the problem? (Choose two.)
A. Verify that the remote site is assigned to the device mobility group that matches its dialing pattern.
B. Verify that the LDAP server is configured to support Device Mobility at the remote site.
C. Verify that the phones are attempting to register with the correct mega cluster
D. Verify that Extension Mobility is configured correctly for the remote site.
E. Verify that the subnet of the remote site is configured in Device Mobility Info.
Answer: D,E
NEW QUESTION: 3
ネットワークにcontoso.comという名前のActive Directoryドメインが含まれています。 ドメインには、Server1という名前のドメインコントローラとServer2という名前のメンバサーバーが含まれています。
Server1にはDNSサーバーの役割がインストールされています。 Server2にはIPアドレス管理（IPAM）がインストールされています。 IPAMサーバーは、次の表に示すようにServer1からゾーンを取得します。
IPAMサーバーには、展示のように1つのアクセスポリシーが構成されています。 （展示ボタンをクリックしてください）。
次の各文について、その文が真であればYesを選択します。 それ以外の場合は、「いいえ」
Answer:
Explanation:
Explanation
Box 1: Yes
As a member of the IPAM DNS Administrator Role of the ADatum zone, User1 can add DNS records to it.
Box 2: Yes
As a member of the DNS Record Administrator Role of the Fabrikam zone, User1 can add DNS records to it.
Box 3: No
DNS Record Administrators cannot delete zones, only administer DNS records.
References: https://technet.microsoft.com/en-us/library/hh831353(v=ws.11).aspx
NEW QUESTION: 4
Users connecting to an SSID appear to be unable to authenticate to the captive portal.
Which of the following is the cause of this issue?
A. WPA2 security key
B. RADIUS
C. SSL certificates
D. CSMA/CA
Answer: B