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Ruthlessbaby · 2020年09月18日

问一道题：NO.PZ201604030300004302 第2小题 [ CFA III ]

  1. CFA III
  2. Ethics

* 问题详情，请 查看题干

问题如下：

2. Are Jollie’s 8 April trade of the second bond and Mahsud Financial’s policy on market manipulation, respectively, consistent with CFA Institute Standards on market manipulation?

选项：

A.

Both Jollie’s 8 April trade of the second bond and Mahsud Financial’s policy on market manipulation are consistent with CFA Institute Standards.

B.

Jollie’s 8 April trade of the second bond is inconsistent and Mahsud Financial’s policy on market manipulation is consistent with CFA Institute Standards.

C.

Jollie’s 8 April trade of the second bond is consistent and Mahsud Financial’s policy on market manipulation is inconsistent with CFA Institute Standards.

解释：

A is correct.

Jollie’s transaction is a legitimate market order in a thinly-traded security, and Mahsud Financial’s policy statement is consistent with CFA Institute Standards relating to the Integrity of Capital Markets.

公司章程都说了不要交易影响到市场价格，但是second bond交易影响到市场价格了呀，那就是违反呀
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1 个答案

王暄_品职助教 · 2020年09月20日

嗨，从没放弃的小努力你好：


市场操纵有两种方式，一个是对敲，可以故意推高/降低股票价格；一个是散播谣言，故意推高/降低股票价格，都是带有扰乱市场价格的目的。

再说公司的规章，这里规定的是：“不可以做目的是影响市场价格的交易。”但是Jollie这里只是对portfolio做一个rebalance，她不存在这样的目的，所以她没有违反准则。同学看我下图红框地方：


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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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2024-05-30 23:46 1 · 回答

Jollie storts the market price, 这违反了公司的相关规定？    

2019-06-10 10:01 1 · 回答