开发者:上海品职教育科技有限公司 隐私政策详情

应用版本:4.2.11(IOS)|3.2.5(安卓)APP下载

Tututu · 2024年10月30日

没看明白这道题

NO.PZ2016032801000028

问题如下:

Carter works for Invest Today, a local asset management firm. A broker that provides Carter with proprietary research through client brokerage arrangements is offering a new trading service. The broker is offering low-fee, execution-only trades to complement its traditional full-service, execution-and-research trades. To entice Carter and other asset managers to send additional business its way, the broker will apply the commissions paid on the new service toward satisfying the brokerage commitment of the prior full-service arrangements. Carter has always been satisfied with the execution provided on the full service trades, and the new low-fee trades are comparable to the fees of other brokers currently used for the accounts that prohibit soft dollar arrangements.

选项:

A.

Carter can trade for his accounts that prohibit soft dollar arrangements under the new low-fee trading scheme.

B.

Carter cannot use the new trading scheme because the commissions are prohibited by the soft dollar restrictions of the accounts.

C.

Carter should trade only through the new low-fee scheme and should increase his trading volume to meet his required commission commitment.

解释:

A is correct.

The question relates to Standard III(A) –Loyalty, Prudence, and Care. Carter believes the broker offers effective execution at a fee that is comparable with those of other brokers, so he is free to use the broker for all accounts. Answer B is incorrect because the accounts that prohibit soft dollar arrangements do not want to fund the purchase of research by Carter. The new trading scheme does not incur additional commissions from clients, so it would not go against the prohibitions. Answer C is incorrect because Carter should not incur unnecessary or excessive "churning" of the portfolios (excessive trading) for the purpose of meeting the brokerage commitments of soft dollar arrangements.

可以解释一下选项原文和A, B吗

2 个答案

王暄_品职助教 · 2024年11月07日

请问老师 主任句话具体是如何实施的呢 如何用来满足之前的sofe dollar账户?前的

您好,您的问题我有一些没看懂,可以再清晰描述下嘛~?

王暄_品职助教 · 2024年10月30日

您好,

本题原文翻译如下:

Carter是Invest Today这家资产管理公司的员工。他通常通过一个经纪人进行交易,这个经纪人通过客户经纪业务安排为他提供专有研究。现在,这个经纪人推出了一种新的交易服务,即仅执行交易的低价服务,以补充其传统的全方位服务(包括执行和研究)。为了吸引Carter和其他资产管理公司发送更多业务,经纪人提出将新服务上支付的佣金用于满足先前全方位服务安排中的经纪业务承诺。


选项A:

Carter can trade for his accounts that prohibit soft dollar arrangements under the new low-fee trading scheme.

这个选项是正确的。问题涉及到标准III(A)——忠诚、谨慎和关心。Carter认为经纪人提供的执行服务是有效的,并且费用与其他经纪人相当,因此他有权为所有账户使用该经纪人。这里的关键是,新的交易方案并不会导致客户支付额外的佣金,所以它与那些禁止软美元安排的账户的禁令并不冲突。

“软美元”(Soft Dollars)是指客户(如资产管理公司)支付给经纪人的佣金,这些佣金部分或全部用于购买研究服务或其他非直接交易相关的服务。有些账户明确禁止这种安排,因为它们希望佣金直接用于降低交易费用,而不是用于购买研究。


选项B:

Carter cannot use the new trading scheme because the commissions are prohibited by the soft dollar restrictions of the accounts.

这个选项是错误的。虽然有些账户禁止软美元安排,但新的交易方案并不会导致这些账户的客户支付额外的佣金。新方案是仅执行交易的低价服务,所以它不会违反这些账户的禁令。换句话说,这些账户的客户只是不希望他们的佣金被用来购买研究,而新方案并不涉及这一点。


综上所述,选项A是正确的,因为Carter可以为那些禁止软美元安排的账户使用新的低价交易方案,而不违反任何规定。选项B是错误的,因为新的交易方案并不涉及使用客户的佣金来购买研究,所以不违反这些账户的软美元禁令。

FionaFang · 2024年11月07日

请问老师 主任句话具体是如何实施的呢 如何用来满足之前的sofe dollar账户?前的

  • 2

    回答
  • 0

    关注
  • 70

    浏览
相关问题

NO.PZ2016032801000028问题如下 Carter works for Invest Toy, a locasset management firm. A broker thprovis Carter with proprietary researthrough client brokerage arrangements is offering a new trang service. The broker is offering low-fee, execution-only tras to complement its trationfull-service, execution-anreseartras. To entiCarter another asset managers to senaitionbusiness its way, the broker will apply the commissions paion the new servitowarsatisfying the brokerage commitment of the prior full-serviarrangements. Carter halways been satisfiewith the execution provion the full servitras, anthe new low-fee tras are comparable to the fees of other brokers currently usefor the accounts thprohibit soft llarrangements.A.Carter ctra for his accounts thprohibit soft llarrangements unr the new low-fee trang scheme.B.Carter cannot use the new trang scheme because the commissions are prohibitethe soft llrestrictions of the accounts.C.Carter shoultra only through the new low-fee scheme anshoulincrease his trang volume to meet his requirecommission commitment.A is correct.The question relates to StanrIII(–Loyalty, Prunce, anCare. Carter believes the broker offers effective execution a fee this comparable with those of other brokers, so he is free to use the broker for all accounts. Answer B is incorrebecause the accounts thprohibit soft llarrangements not want to funthe purchase of researCarter. The new trang scheme es not incur aitioncommissions from clients, so it woulnot go against the prohibitions. Answer C is incorrebecause Carter shoulnot incur unnecessary or excessive \"churning\" of the portfolios (excessive trang) for the purpose of meeting the brokerage commitments of soft llarrangements.C什么意思 跟题目有啥关系

2024-10-02 09:58 1 · 回答

NO.PZ2016032801000028 问题如下 Carter works for Invest Toy, a locasset management firm. A broker thprovis Carter with proprietary researthrough client brokerage arrangements is offering a new trang service. The broker is offering low-fee, execution-only tras to complement its trationfull-service, execution-anreseartras. To entiCarter another asset managers to senaitionbusiness its way, the broker will apply the commissions paion the new servitowarsatisfying the brokerage commitment of the prior full-serviarrangements. Carter halways been satisfiewith the execution provion the full servitras, anthe new low-fee tras are comparable to the fees of other brokers currently usefor the accounts thprohibit soft llarrangements. A.Carter ctra for his accounts thprohibit soft llarrangements unr the new low-fee trang scheme. B.Carter cannot use the new trang scheme because the commissions are prohibitethe soft llrestrictions of the accounts. C.Carter shoultra only through the new low-fee scheme anshoulincrease his trang volume to meet his requirecommission commitment. A is correct.The question relates to StanrIII(–Loyalty, Prunce, anCare. Carter believes the broker offers effective execution a fee this comparable with those of other brokers, so he is free to use the broker for all accounts. Answer B is incorrebecause the accounts thprohibit soft llarrangements not want to funthe purchase of researCarter. The new trang scheme es not incur aitioncommissions from clients, so it woulnot go against the prohibitions. Answer C is incorrebecause Carter shoulnot incur unnecessary or excessive \"churning\" of the portfolios (excessive trang) for the purpose of meeting the brokerage commitments of soft llarrangements. To entiCarter another asset managers to senaitionbusiness its way, the broker will apply the commissions paion the new servitowarsatisfying the brokerage commitment of the prior full-serviarrangements.这段话怎么理解呢,就是用仅收交易的佣金,提供交易和研究的全方位服务?超额提供服务?另外comparable 是可比较的意思,在这个上下文里就是相当的意思吗,说明和其他不提供软美元的账户,费率基本一样?

2024-06-03 12:12 1 · 回答

Carter cannot use the new trang scheme because the commissions are prohibitethe soft llrestrictions of the accounts. Carter shoultra only through the new low-fee scheme anshoulincrease his trang volume to meet his requirecommission commitment. A is correct. The question relates to StanrIII(–Loyalty, Prunce, anCare. Carter believes the broker offers effective execution a fee this comparable with those of other brokers, so he is free to use the broker for all accounts. Answer B is incorrebecause the accounts thprohibit soft llarrangements not want to funthe purchase of researCarter. The new trang scheme es not incur aitioncommissions from clients, so it woulnot go against the prohibitions. Answer C is incorrebecause Carter shoulnot incur unnecessary or excessive  \"churning\" of the portfolios (excessive trang) for the purpose of meeting the brokerage commitments of soft llarrangements. 请翻译下a项的中文意思,谢谢?

2020-08-02 17:02 1 · 回答

可能是理解有问题,麻烦您做一下吗

2018-09-24 16:15 1 · 回答