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Cony静 · 2020年05月27日

问一道题:NO.PZ2018062009000033

问题如下:

Eden was seeking a merger partner for his bank recently, he contacted several potential clients, however, all of them replied that they wanted to wait until the release of the newest financial statements. Due to a severe investment failure this year, Eden believed that the financial report next period would be ugly and thus might produce negative effect on the merger process. To make sure that the merger deal carrys on smoothly, Eden decided to take some actions. Considering the following actions, which one of them will violate the Code and Standards?

选项:

A.

Eden released announcements about seeking the merger partner on the website of his firm.

B.

Eden placed a buy order which is 5 times the average weekly volume through a friend for his personal account.

C.

Eden hired a new chief financial officer for his firm and instructed him to reaffirm the firm’s announced earnings in previous financial statements.

解释:

B is correct.

Based on Standard II(B) Market Manipulation, a purchase order which is remarkably greater than average volume through personal account should be regarded as an attempt to manipulate the market. The ultimate goal is to increase the share price and attract potential buyers, B is correct. Releasing the news of a possible merger and instructing the new officer to reaffirm previous earnings are common actions which can help the investors to make their investment decisions, A and C are incorrect.

B为什么对?

1 个答案

王暄_品职助教 · 2020年05月28日

嗨,努力学习的PZer你好:


  • 这里的题眼是“5 times the average weekly volume”
  • 很明显,这个量已大大超过平时的交易量,目的就是为了提高股价来促使merger
  • Eden这个行为算是操纵市场,所以违反了II(B),所以选一个会违反standards的选项,那么选B

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努力的时光都是限量版,加油!