NO.PZ2016032801000032
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.
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.
又不是故意打听内幕信息，被动知道的信息，在没公开之前不用不就完了，公开之后再用呗，怎么还给限制了，照题目这说法公开以后也不能用，照这样以后最好什么信息也别知道，万一被动知道的内幕信息多了，那得错过多少投资机会，什么玩意儿啊