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AryasPZ · 2022年04月03日

这题答案错了吧

NO.PZ2016032801000033

问题如下:

Pietro, president of Local Bank, has hired the bank’s market maker, Vogt, to seek a merger partner. Local is currently not listed on a stock exchange and has not reported that it is seeking strategic alternatives. Vogt has discussed the possibility of a merger with several firms, but they have all decided to wait until after the next period’s financial data are available. The potential buyers believe the results will be worse than the results of prior periods and will allow them to pay less for Local Bank. Pietro wants to increase the likelihood of structuring a merger deal quickly. Which of the following actions would most likely be a violation of the Code and Standards?

选项:

A.

Pietro could instruct Local Bank to issue a press release announcing that it has retained Vogt to find a merger partner.

B.

Pietro could place a buy order for 2,000 shares (or four times the average weekly volume) through Vogt for his personal account.

C.

After confirming with Local’s chief financial officer, Pietro could instruct Local to issue a press release reaffirming the firm’s prior announced earnings guidance for the full fiscal year.

解释:

B is correct.

Through placing a personal purchase order that is significantly greater than the average volume, Pietro is violating Standard IIB–Market Manipulation. He is attempting to manipulate an increase in the share price and thus bring a buyer to the negotiating table. The news of a possible merger and confirmation of the firm’s earnings guidance may also have positive effects on the price of Local Bank, but Pietro’s actions in instructing the release of the information does not represent a violation through market manipulation. Announcements of this nature are common and practical to keep investors informed. Thus, answers A and C are incorrect.

可以麻烦解答下么,答案是不是有问题

1 个答案

王暄_品职助教 · 2022年04月03日

P同学让V同学和潜在的卖家谈判并购事宜,但卖家希望能到年报出来了之后在和Local bank在进行并购,因为卖家们预期年报会低于预期,所以等年报出来了之后再并购,可以出一个更低的价格。

但是P同学为了促进local bank的股票交易量活跃,大量对local bank的股票下单,属于虚增交易量,会误导潜在卖家以及投资这(这属于市场操纵),所以选项B违反CFA准则。


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NO.PZ2016032801000033 问题如下 Pietro, presint of LocBank, hhirethe bank’s market maker, Vogt, to seek a merger partner. Locis currently not listeon a stoexchange anhnot reportethit is seeking strategic alternatives. Vogt hscussethe possibility of a merger with severfirms, but they have all cito wait until after the next perios financita are available. The potentibuyers believe the results will worse ththe results of prior perio anwill allow them to pless for LocBank. Pietro wants to increase the likelihooof structuring a merger quickly. Whiof the following actions woulmost likely a violation of the Co anStanr? A.Pietro coulinstruLocBank to issue a press release announcing thit hretaineVogt to fina merger partner. B.Pietro coulplaa buy orr for 2,000 shares (or four times the average weekly volume) through Vogt for his personaccount. C.After confirming with Local’s chief financiofficer, Pietro coulinstruLocto issue a press release reaffirming the firm’s prior announceearnings guinfor the full fiscyear. B is correct.Through placing a personpurchase orr this significantly greater ththe average volume, Pietro is violating StanrIIB–Market Manipulation. He is attempting to manipulate increase in the share prianthus bring a buyer to the negotiating table. The news of a possible merger anconfirmation of the firm’s earnings guinmalso have positive effects on the priof LocBank, but Pietro’s actions in instructing the release of the information es not represent a violation through market manipulation. Announcements of this nature are common anpracticto keep investors informe Thus, answers A anC are incorrect. 题干特意提到LocBank is not listeon exchange stock,那又如何可以通过购买2000股来增加交易量呢?

2024-01-21 17:31 1 · 回答

NO.PZ2016032801000033 问题如下 Pietro, presint of LocBank, hhirethe bank’s market maker, Vogt, to seek a merger partner. Locis currently not listeon a stoexchange anhnot reportethit is seeking strategic alternatives. Vogt hscussethe possibility of a merger with severfirms, but they have all cito wait until after the next perios financita are available. The potentibuyers believe the results will worse ththe results of prior perio anwill allow them to pless for LocBank. Pietro wants to increase the likelihooof structuring a merger quickly. Whiof the following actions woulmost likely a violation of the Co anStanr? A.Pietro coulinstruLocBank to issue a press release announcing thit hretaineVogt to fina merger partner. B.Pietro coulplaa buy orr for 2,000 shares (or four times the average weekly volume) through Vogt for his personaccount. C.After confirming with Local’s chief financiofficer, Pietro coulinstruLocto issue a press release reaffirming the firm’s prior announceearnings guinfor the full fiscyear. B is correct.Through placing a personpurchase orr this significantly greater ththe average volume, Pietro is violating StanrIIB–Market Manipulation. He is attempting to manipulate increase in the share prianthus bring a buyer to the negotiating table. The news of a possible merger anconfirmation of the firm’s earnings guinmalso have positive effects on the priof LocBank, but Pietro’s actions in instructing the release of the information es not represent a violation through market manipulation. Announcements of this nature are common anpracticto keep investors informe Thus, answers A anC are incorrect. a错在哪里?b又怎么理解?

2023-08-31 04:35 1 · 回答

Pietro coulplaa buy orr for 2,000 shares (or four times the average weekly volume) through Vogt for his personaccount. After confirming with Local’s chief financiofficer, Pietro coulinstruLocto issue a press release reaffirming the firm’s prior announceearnings guinfor the full fiscyear. B is correct. Through placing a personpurchase orr this significantly greater ththe average volume, Pietro is violating StanrIIB–Market Manipulation. He is attempting to manipulate increase in the share prianthus bring a buyer to the negotiating table. The news of a possible merger anconfirmation of the firm’s earnings guinmalso have positive effects on the priof LocBank, but Pietro’s actions in instructing the release of the information es not represent a violation through market manipulation. Announcements of this nature are common anpracticto keep investors informe Thus, answers A anC are incorrect.老师问下 b这个2000shares不算大额吧 感觉不会操纵市场...

2020-03-03 11:31 1 · 回答

    C错在哪里,已经发布的业绩数据可以保证未来的收入仍然可靠,在这明显是误导投资者啊

2019-06-12 09:42 1 · 回答