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Junqi · 2020年11月23日

问一道题:NO.PZ2016040301000032 [ CFA II ]

问题如下:

Andrews, a private wealth manager, is conducting interviews for a new research analyst for his firm. One of the candidates is Wright, an analyst with a local investment bank. During the interview, while Wright is describing his analytical skills, he mentions a current merger in which his firm is acting as the adviser. Andrews has heard rumors of a possible merger between the two companies, but no releases have been made by the companies concerned. Which of the following actions by Andrews is least likely a violation of the Code and Standards?

选项:

A.

Waiting until the next day before trading on the information to allow time for it to become public.

B.

Notifying all investment managers in his firm of the new information so none of their clients are disadvantaged.

C.

Placing the securities mentioned as part of the merger on the firm’s restricted trading list.

解释:

C is correct.

Answer The guidance to Standard II(A) –Material Nonpublic Information recommends adding securities to the firm’s restricted list when the firm has or may have material nonpublic information. By adding these securities to this list, Andrews would uphold this standard. Because waiting until the next day will not ensure that news of the merger is made public, answer A is incorrect. Negotiations may take much longer between the two companies, and the merger may never happen. Andrews must wait until the information is disseminated to the market before he trades on that information. Answer B is incorrect because Andrews should not disclose the information to other managers; no trading is allowed on material nonpublic information.  

员工说出公司会M&A,不是高管什么的,也算是MNI么?
1 个答案

Debrah_品职答疑助手 · 2020年11月24日

嗨,从没放弃的小努力你好:


同学你好,Wright自己提到了自己公司担任顾问的一宗并购案。而此前Andrews曾听到两家公司可能合并的传闻,但相关公司尚未发布消息。并购案一旦发生就是重大,根据II(A)-对于Material non-public information是建议在公司拥有或可能拥有时,就将证券添加到公司的限制名单中。两家公司之间的谈判可能需要更长的时间,合并可能永远不会发生。Andrews必须等到信息被传播到市场之后,才能交易这些信息。


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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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NO.PZ2016040301000032问题如下Anews, a private wealth manager, is concting interviews for a new researanalyst for his firm. One of the cantes is Wright, analyst with a locinvestment bank. ring the interview, while Wright is scribing his analyticskills, he mentions a current merger in whihis firm is acting the aiser. Anews hhearrumors of a possible merger between the two companies, but no releases have been ma the companies concerne Whiof the following actions Anews is least likely a violation of the Co anStanr?A.Waiting until the next y before trang on the information to allow time for it to become public.B.Notifying all investment managers in his firm of the new information so none of their clients are saantageC.Placing the securities mentionepart of the merger on the firm’s restrictetrang list.C is correct.Answer The guinto StanrII(–MateriNonpublic Information recommen aing securities to the firm’s restrictelist when the firm hor mhave materinonpublic information. aing these securities to this list, Anews woulupholthis stanr Because waiting until the next y will not ensure thnews of the merger is ma publianswer A is incorrect. Negotiations mtake mulonger between the two companies, anthe merger mnever happen. Anews must wait until the information is sseminateto the market before he tras on thinformation. Answer B is incorrebecause Anews shoulnot sclose the information to other managers; no trang is alloweon materinonpublic information. a题干难道我理解的是错的吗?题干说的是"等到信息公开再交易",是我英文理解错了?

2024-03-28 17:57 1 · 回答

NO.PZ2016040301000032 针对内幕消息有个措施是尽快将内幕消息释放给市场,避免内部人员利用内幕消息交易。所以知道内幕消息什么时候尽快释放给市场,什么时候保密?

2022-02-08 23:11 1 · 回答

请问莫名其妙的把公司放在restrilist上面不也是很奇怪么。。

2020-12-01 18:36 1 · 回答

题目不是说是rumors,并不能判断来源是否可靠,是否属于内部消息吧? 

2020-09-29 16:45 1 · 回答