NO.PZ201604030300004605
问题如下：
5. When listening to the Omega squawk box, does Garcia violate any CFA Institute Standards?
选项：
A. No.
B. Yes, the standard regarding professionalism.
C. Yes, the standard regarding material nonpublic information.
解释：
B is correct.
Garcia violated the Standard of Professionalism by engaging in eavesdropping on confidential information including changes in analyst recommendations and pending block trades. According to Standard I(D) members must not engage in professional conduct involving dishonesty, deceit, or fraud or commit any act that reflects adversely on their professional reputation, integrity, or competence. Garcia engages in deceitful conduct in obtaining information from the squawk box. His actions reflect adversely on his professional reputation and integrity and thus violate Standard I(D).
Garcia is not in violation of Standard II(A) —Material Nonpublic Information, although he listens to the material nonpublic information on pending block trades. Possession of such material nonpublic information is not a violation of the Standard, which prohibits acting on the information.
這題裡面的 G哥偷聽到調研部門的投資建議 is non public 但也不是研究那家公司的內部信息啊 是他們研究的建議而已 不一定material ？或者是 那些公司請調研部門去寫報告 所以調研部門會知道？
