Q1. Michael Malone, CFA, is an investment analyst for a large brokerage firm in New York who covers the airlines industry. After hours in his personal time, Malone maintains an online blog on which he expresses his personal opinions about various investment opportunities, including, but not limited to, the airlines industry. On his blog, he posts a very negative investment opinion about WestAir stock. Malone knows that WestAir's stock will be downgraded to a “sell” by his firm next week. Malone has: A) violated Standard IV(A) Loyalty by divulging confidential information that is the intellectual property of his employer. B) violated Standard II(A) Material Nonpublic Information by releasing material that could negatively impact the price of the security. C) violated Standard VI(B) Priority of Transactions by releasing material information to the public before releasing to the firm’s clients.
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发表于 2009-1-5 15:28
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