| Tell an investment banker that a
picture bought in 1950 for $30,000 sold this month for $104.1 million and you
will be unlucky if you fail to get his attention. That was the case with the
portrait of a young boy by Picasso when Sotheby’s dispersed on May 5 the tail
end of the famous collection formed by the late John Hay Whitney and his wife
Betsy Cushing Whitney. Sales added up to almost $190 million within two
hours. If you then go on to explain that Whitney bought the 1905 portrait not for investment but for art’s sake, because he loved 19th- and 20th-century painting, you might well be greeted with a stare of compassionate irony. Yet that was exactly so. Had the heir to a vast fortune consulted experts at the time, most would have advised against the acquisition. Received wisdom in the 1950s A. its art historical importance B. its aesthetic characterization C. the general public’s idea D. its beauty [单项选择]A. He will provide investment service. B. He will help the customers.
C. He will join the commercial bank. D. He will purchase or sell securities. [单项选择]Kenneth, CFA, is a portfolio manager at A & B limited, if he suspects a colleague at his company of engaging in ongoing illegal activities, as according to the CFA Institute Standards of Professional Conduct, he is required to take all of the following actions EXCEPT:（）
A. determine whether the conduct is, in fact, illegal. B. disassociate himself from any illegal activity. C. report the illegal violations to the appropriate governmental or regulatory organizations. [单项选择]Kenneth, CFA, is a portfolio manager at A&B limited, if he suspects a colleague at his company of engaging in ongoing illegal activities, as according to the AIMR Standards of Professional Conduct, he is required to take all of the following actions EXCEPT:（）
A. determine whether the conduct is, in fact, illegal. B. disassociate himself from any illegal activity. C. report the illegal violations to the appropriate governmental or regulatory organizations. [简答题]In general, investment in the United States will be in the form of a subsidiary. It is possible for a non-U.S corporation to operate a branch office in the United States, but there are significant disadvantages to a branch, particularly with respect to its tax treatment.
Branches of non-U.S corporations are not subject to federal regulation or registration requirements. However, each state will require a "foreign" corporation to "qualify" before "doing business" in that state. A corporation will be considered "foreign" if it is organized under the laws of another country or another state, and so this is not a requirement imposed only on non-U.S investors. "Doing business" is a technical term that implies a substantial presence in the state. This would include the ownership of leasing of real property, the maintenance of a stock of goods for local sale, employee and the like. Selling products to local customers, either directly or through an independent sales representativ 我来回答: 提交
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