[讨论] level 1 mock exam q approved, Business, recently, agreement, face

注金证

8. Charlie Mancini, CFA, is the Managing Director for Business Development at SV Financial, (SVF), a large U.S. based mutual fund organization. Mancini has been under pressure recently to increase revenues. In order to secure business from a large hedge fund manager based in Asia, Mancini recently approved flexible terms for the fund’s client agreement. To allow for time zone differences, the agreement permits the hedge fund to trade in all of SVF’s mutual funds six hours after the close of U.S. markets. Did Mancini violate any CFA Institute Standards of Professional Conduct?
A. No.
B. Yes, with regard to Fair Dealing.
C. Yes, with regard to Fair Dealing and Material Nonpublic Information.

 

 

这道题目看的很晕， 答案是 说In addition, the flexible trading terms allow the hedge fund manager to enrich themselves and is a violation of Standard II A, concerning trading on material nonpublic information. This is also a conflict of interest, Standard VI (A),

 

 能不能解释一下为什么会VIOLATE Material Nonpublic Information AND  conflict of interest, Standard VI (A),

 

DISCRETIONARY PORFOLIO  中文是啥意思啊？

[此贴子已经被作者于2010-6-1 18:08:55编辑过]

jikehurry

DISCRETIONARY PORFOLIO指相机抉择的组合 也就是客户赋予基金经理的权力比较大 操作上自由度比较大 对应NON-DISCRETIONARY

我是这么理解的 Notes 对nonpublic的定义是has't made available to marketplace 当美国市场停止交易后6个小时的所有的公开信息 虽然已经“公开” 但是却无法应用于市场操作（市场停止交易了） 算是还是没有available吧 故算是violation了

conflict应该是这样做和美国本土市场上的客户产生了利益冲突吧

这题我也做错了 看了答案这么牵强理解下 仅供参考

注金证

那些75%-80%的牛们 忙着得瑟呢

annyyu

也不明白

 

那些75%-80%的牛们怎么不来帮着解答一下？

门北白菜

同问