3. Ralph Malone, CFA, is an investment advisor at a multinational fiance corporation. He has many welthy individuals among his client base, including atrust account that benefits three of his immediate family members as well aw himself.The research department of Malone's firm issues a buy recommendation on a stock that would be a suitable investment for several client accounts, including the family trust account. Which of the following would be considered a violation of Standard VI-B Priority of Transactions A. Malone trades for his clients' accounts before the release of material nonpublic information B. Malone trades on the family account immendiately after his firm's clients have been informed of the buy recommendaiton C Malone waits to trade on the family account until four days ater his firm's clinets have been informed buy recommendation. D. Malone buys stock for a client's account after the stock is put on the firm's recommended buy list but before this information is made public. ------------------------------ D是不是违反了fair dealing 和priority of transaction? 因为recommendation还没有公布，另一部分client还不知情的情况下你就已经交易了。 C是不是也违反了fair dealing? 因为他family的trust的那个account，也是他的client。。居然等公布了4天之后交易，显失公平。 B似乎没有任何问题。 A显然就是乱说话，，违反了实质性非公开信息。material nonpublic information. 我分析得对吗？ -- 但是这题的答案是B...匪夷所思 - - | 
发表于 2007-11-20 04:51
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