Let’s say you have an uncle who has a client account at your firm and you don’t have a beneficial ownership. But something changes and you end up with beneficial ownership. according to the standard, what are you required to do?
a. the uncle is a regular paying client, so treat the account like any other client account.
b. tell the uncle to switch the account to another firm.
c. tell another person at your firm to take over the account.作者: Penny-wenny 时间: 2013-4-2 13:31
My best guess is B.作者: jawz 时间: 2013-4-2 13:32
If I overhear some material nonpublic information that is detrimental to the company, but perform my own analysis and determine that the investment is bad and act on the analysis, do I breach any standard?
If my firm requires us to hold records of trades for only 4 years, and I don’t change it, do I breach any standard?作者: dcfox83 时间: 2013-4-2 13:33
You can’t trade on inside information, regardless.作者: sharksfan 时间: 2013-4-2 13:34
Hmmm…
If you have MNPI, you’re prohibited from trading on the information, so you still breach the standard on integrity of capital markets.
I think you’re still complying with Record Retention for the second question, because you’re following the firm’s rules on that.作者: jawz 时间: 2013-4-2 13:34
let’s say i hear information about a factory being underutilized, but my investment research after hearing this information is based on another product in another country not meeting demand, so I sell the stock….I shouldn’t be violating any standard….
otherwise as soon as I hear any MNPI, the stock should be put on the donottradelist.
