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Flok

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tT
发表于 2013-4-3 10:22 | 只看该作者

Ethics 'prior clearance'

only, why, understand, procedures, receiving
can someone explaine this pls?
I can’t understand No.16 in CFAI MOCK, morning session.
what does ‘precleared transactions are approved only for that trading day’ mean?
also, why purchase after receiving prior clearance violated her employer’s compliance procedures?
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ramdabom

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发表于 2013-4-3 10:28 | 只看该作者
i assume you are talking about preclearance of transactions that can potentiallly have a conflict of interest.

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prav_Cfa7

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发表于 2013-4-3 10:50 | 只看该作者
Hi Steph,
When I was working at JP Morgan we had to go through a pre clearance process. Essentially, employees are required to send a request for approval to trade a stock. Turnabout was roughly 2 4 hours. I’m not sure about what their internal controls or measures are since it east my department. The reason employees needed to go through preclearance was to create barriers to insider trading. As an accountant, I would be responsible for reconciling trades that would occur the following day. Which is material nonpublic information.

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koba

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发表于 2013-4-3 10:55 | 只看该作者
thanks Pgiger!

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