NO.PZ201604030300004606
问题如下：
6. When shorting Tefla stock, does Garcia violate any CFA Institute Standards?
选项：
A. No.
B. Yes, because he does not have a reasonable basis for the trade.
C. Yes, because he is in possession of material nonpublic information.
解释：
C is correct.
Garcia is in possession of material nonpublic information and acted on it in violation of Standard II(A). After the analyst’s recommendation has been issued and/or distributed publicly, Garcia would be free to make the trade. Because this is a personal purchase, the standard relating to diligence and reasonable basis is not applicable.
他short同一個行業的 也是act on non public info 嗎 這有點勉強？