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Maggie · 2025年02月07日

为什么不选a 啊

NO.PZ2023021602000028

问题如下:

When a client asks her how she makes investment decisions, Petra Vogler, CFA, tells the client she uses mosaic theory. According to Vogler, the theory involves analyzing public and nonmaterial nonpublic information, including the evaluation of statements made to her by company insiders in one-on-one meetings in which management discusses new earnings projections not known to the public. Vogler also gathers general industry information from industry experts she has contacted. Vogler most likely violates the CFA Institute Standards of Professional Conduct because of her use of:

选项:

A.nonmaterial nonpublic information. B.one-on-one meeting information. C.industry expert information.

解释:

A violation of Standard II(A): Material Nonpublic Information is likely to occur when using information that is selectively disclosed by corporations to a small group of investors, analysts, or other market participants. Earnings estimates given in a one-on-one meeting would likely be considered material and nonpublic information. Information made available to analysts remains nonpublic until it is made available to investors in general. Under the mosaic theory, it is acceptable to use information from industry contacts as long as the analyst uses appropriate methods to arrive at her conclusions. Additionally, it is acceptable to use nonmaterial nonpublic information in her analysis; this use is not a violation of Standard II(A): Material Nonpublic Information.

为什么不选a 啊

财神到 · 2025年02月07日

it is acceptable to use nonmaterial nonpublic information in her analysis; this use is not a violation of Standard II(A): Material Nonpublic Information. 非重大的非公开信息是可以使用的

1 个答案

小刘_品职助教 · 2025年02月07日

嗨,努力学习的PZer你好:


客户询问投资决策方法时,Petra Vogler使用mosaic theorymosaic theory包括了分析公开信息和非重大非公开信息,她还从行业专家收集了一般行业信息,对于mosaic theory,合理运用非重大非公开信息并结合公开信息进行综合分析得出的投资结论,不违反CFA协会准则。

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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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