问题一：老师，这里描述的是怎么一个行为，客户Xu在switch前后，分别是怎么样的情况？这道题是想对比什么，能否用中文解释一下？（是不是在对比 proprietary mutual funds和 long-established funds，他俩在文中表现出怎么样的区别呢？）
2. By recommending that Xu switch a portion of his portfolio to a new Zhang fund,
does Shao violate any CFA Institute Standards of Professional Conduct?
A. No.
B. Yes, because he has a conflict of interest as the new funds are proprietary.
C. Yes, because the fund data used in the performance comparison was
simulated.
Answer: A
问题二：此处trader（Gatera）具体是怎么样的一个违法行为？英文没完全看懂，能否中文简单描述一下trader的行为？
5. In response to Gatera's actions, Bukenya should least likely recommend which of the following
actions to prevent violations of the CFA Institute Standards of Professional Conduct?
A. Increase supervision of Gatera
B. Investigate further
C. Report Gatera to CFA Institute
Answer = C
问题三：Ravinder加入董事会Naivasha水泥有限公司的董事会之后，还可以为客户投资Naivasha公司的股票吗？具体应该怎么理解？
6. After accepting Naivasha's invitation, which of the following actions is the most appropriate for Ravinder to implement to avoid violating CFA Standards of Professional Conduct? She should:
A. exclude purchases of Naivasha shares for client portfolios.
B. refuse to attend Staple strategy meetings related to Naivasha.
C. only share Naivasha's nonmaterial information.
Answer = B
