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

Oct_ · 2020年02月29日

问一道题:NO.PZ2016032801000037

问题如下:

During a round of golf, Rodriguez, chief financial officer of Mega Retail, mentions to Hart, a local investment adviser and long-time personal friend, that Mega is having an exceptional sales quarter. Rodriguez expects the results to be almost 10% above the current estimates. The next day, Hart initiates the purchase of a large stake in the local exchange-traded retail fund for her personal account.

选项:

A.

Hart violated the Code and Standards by investing in the exchange-traded fund that included Mega Retail.

B.

Hart did not violate the Code and Standards because she did not invest directly in securities of Mega Retail.

C.

Rodriguez did not violate the Code and Standards because the comments made to Hart were not intended to solicit an investment in Mega Retail.

解释:

A is correct.

Hart’s decision to invest in the retail fund appears directly correlated with Rodriguez’s statement about the successful quarter of Mega Retail and thus violates Standard II(A) –Material Nonpublic Information. Rodriguez’s information would be considered material because it would influence the share price of Mega Retail and probably influence the price of the entire exchange-traded retail fund. Thus, answer B is incorrect. Answer C is also incorrect because Rodriguez shared information that was both material and nonpublic. Company officers regularly have such knowledge about their firms, which is not a violation. The sharing of such information, however, even in a conversation between friends, does violate Standard II(A).

The next day, Hart initiates the purchase of a large stake in the local exchange-traded retail fund for her personal account.

不是说给他自己的account里买吗 没影响其他客户啊 这样也算违反吗 还是说因为他买的多所以对市场有影响?

1 个答案
已采纳答案

carolllll · 2020年03月03日

嗨,爱思考的PZer你好:


同学你好,

这道题它主要的考点是否用到了重大非公开内幕消息赚取profit,不论是替自己买还是替客户买。即使他是用自己的account买,他买的这个行为,为自己赚到了profit,这对于市场上其他的investor来说是不公平的,所以违反了CFA准则。

希望对你有帮助~


-------------------------------
加油吧,让我们一起遇见更好的自己!