NO.PZ201604030300004501
问题如下：
1. In his letter regarding the stock-selection model, does Vinken violate any CFA Institute Standards of Professional Conduct?
选项：
A.
No.
B.
Yes, because he uses simulated performance results.
C.
Yes, because he claims that the new model will yield better performance results.
解释：
A is correct.
Vinken does not violate any CFA Standards of Professional Conduct in his letter. In accordance with Standard III(D) —Performance Presentation, he presents fair, accurate, and complete information when he identifies actual and simulated performance results. Also in accordance with the Standard, he does not guarantee superior future investment returns. In accordance with Standard V(B) —Communication with Clients and Prospective Clients, Vinken describes to his clients and prospective clients the process and logic of the new investment model. By providing the basic details of the model, Vinken provides his clients the basis for understanding the limitations or inherent risks of the investment strategy.
I am confident that employing the model will yield better performance results in the future;
1.这句话无论从未区分opion和fact角度，课上老师专门说了“will”这个词不能乱用，就是表明了错把opinion当fact
2.还是是吹牛角度我觉得都违反了啊，其次这肯定是imply guarantee 收益啊
