Section 1 Ethics Questions and Answers 100% Solved

Section 1 Ethics

Q1. Under what circumstance is a CPWA designee allowed to disclose the financial
status, goals, structure, or other information relating to any client?

a. when required by law
b. upon transfer of account
c. when statute of limitations has past
d. under no circumstance - answera. when required by law

Q2. Which of the following items is NOT specifically included in the Institute Code of
Professional Responsibility?

a. CPWA designees must present dollar-weighted and time-weighted returns for
investment accounts with histories of 3 years or more.
b. CPWA designees must disclose fully to clients services provided and compensation
received.
c. CPWA designees have a duty to act in the best interest of their clients.
d. CPWA designees must answer all client inquiries promptly, completely, and truthfully.
- answera. CPWA designees must present dollar-weighted and time-weighted returns
for investment accounts with histories of 3 years or more.

Q3. Which of the following is NOT specifically included in "values that are fundamentals
to Investments & Wealth Institute's professionals" as described in the Institute Code of
Professional Responsibility?

a. objectivity
b. loyalty
c. integrity
d. sincerity - answerd. sincerity

Q4. Which of the following are examples of authorized use of the marks?

I. CPWA™
II. CPWA®
III. Certified Private Wealth Advisor®
IV. CERTIFIED PRIVATE WEALTH ADVISOR®

a. I. and III.
b. I. and IV.
c. II. and III.
d. II. and IV. - answerc. II. and III.