NO.PZ201604030300004606
问题如下：
6. When shorting Tefla stock, does Garcia violate any CFA Institute Standards?
选项：
A.
No.
B.
Yes, because he does not have a reasonable basis for the trade.
C.
Yes, because he is in possession of material nonpublic information.
解释：
C is correct.
Garcia is in possession of material nonpublic information and acted on it in violation of Standard II(A). After the analyst’s recommendation has been issued and/or distributed publicly, Garcia would be free to make the trade. Because this is a personal purchase, the standard relating to diligence and reasonable basis is not applicable.
1、这题与上一题有没有联系？这题的信息没有说他偷听分析师，只是说分析师下调之后卖出，没有偷听的意思。有也是上题的内容里说的
2、如果算偷听，当然算违反mni，但是c的理由写的是possess，老师强调possess不违反，那c的理由写的也不对
