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Sia · 2020年10月11日

问一道题:NO.PZ2016040303000026

问题如下:

Rose, a portfolio manager for a local investment advisory firm, is planning to sell a portion of his personal investment portfolio to cover the costs of his child’s academic tuition. Rose wants to sell a portion of his holdings in Household Products, but his firm recently upgraded the stock to "strong buy." Which of the following describes Rose’s options under the Code and Standards?

选项:

A.

Based on his firm’s "buy" recommendation, Rose cannot sell the shares because he would be improperly prospering from the inflated recommendation.

B.

Rose is free to sell his personal holdings once his firm is properly informed of his intentions.

C.

Rose can sell his personal holdings but only when a client of the firm places an order to buy shares of Household.

解释:

B is correct.

Standard VI(B) –Priority of Transactions does not limit transactions of company employees that differ from current recommendations as long as the sale does not disadvantage current clients. Thus, answer A is incorrect. Answer C is incorrect because the Standard does not require the matching of personal and client trades.

请问这种情况sell自己的股票,必须要提前通知雇主或征求雇主同意吗?

2 个答案

王暄_品职助教 · 2021年11月19日

只需要inform,而不需要雇主同意?还是公司自己cover的股票?这不太可能吧,至少实际情况肯定是有合规部门的批准才可以买卖的

对,如果是关于自己的私生活,且确实不会disadvantage客户的利益,那么就不要雇主的同意,inform即可。至少关于这个知识点就是这样规定的,实际情况下可能公司自己的要求会更为严格。


王暄_品职助教 · 2020年10月12日

嗨,爱思考的PZer你好:


不需要,因为这是她自己的私生活,只要在不损害客户利益、雇主利益和市场环境的情况下,可以自由买卖的,也不用征得雇主的同意。其实你可以带入自己去体会,如果你是主人公,你因为孩子的学费,要卖股票,卖之前你还要征得雇主的同意,这样是很麻烦的。CFA准则是很人性化的。


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加油吧,让我们一起遇见更好的自己!


Louis · 2021年11月19日

只需要inform,而不需要雇主同意?还是公司自己cover的股票?这不太可能吧,至少实际情况肯定是有合规部门的批准才可以买卖的