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eyn · 2024年11月06日

No.PZ2023122503000017 (选择题)


Soujit Ghosh, CFA, observes a price difference in a security that trades in two different markets. Ghosh concludes the price difference is because of time delay in factoring material information disseminated by the company. Ghosh immediately buys large quantities of the security in one market and creates a dominant short position in the derivative on the security in the other market with an intent to exploit the price difference. Has Ghosh violated the Standards?

您的回答B, 正确答案是: A

A

No

B

不正确Yes, the Standard relating to market manipulation

C

Yes, the Standard relating to material nonpublic information。


请讲解下,为什么Ghosh的行为不构成market manipulation?

1 个答案
已采纳答案

王暄_品职助教 · 2024年11月07日

Ghosh的行为并没有涉及欺诈、虚假交易或散布虚假信息来影响市场价格。

他只是基于观察到的市场现象(价格差异)进行了交易决策,这种差异是公开的,并且是由于市场效率或信息传播延迟造成的。因此,他的行为不符合市场操纵的定义。


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