Q19. The method that Nagle uses to allocate the IPO issues to his clients is: A) a violation of the standards on fair dealing. B) not a violation of the standards because Nagle discloses the practice to his clients. C) a violation of the standard on soft dollars.
Q20. Nagle’s standing order to purchase as much as much as possible of each Presley Brothers’ IPOs is a violation of the standard because: A) Nagle should get advanced notice of his clients’ interest in the IPO. B) Nagle is, in effect, distributing soft dollars. C) of no reason, it is actually an acceptable practice because all the IPOs have been profitable.
Q21. Nagle has violated the standards on research objectivity by: A) his standing order for IPOs but not by his using only Presley Brothers investment products. B) his only using Presley Brothers investment products but not by his standing order for IPOs. C) his standing order for IPOs and his using only Presley Brothers investment products.
Q22. With respect to the trip that Nagle has been taking each year Nagle: A) should disclose it to his clients because it could represent a conflict of interest and hinder his objectivity. B) should disclose it to his clients because it provides him with information about stock market activities other than those of Presley Brothers. C) does not need to disclose it to his clients because it provides him with valuable information.
Q23. Being able to offer his clients discount commissions on option trades after generating a certain amount of commissions is: A) not a violation because it is a benefit that all clients can share in if they so choose. B) a violation because commissions on option trades are the quintessential soft dollars. C) a violation because it benefits those clients who are inclined to do option trading.
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发表于 2009-1-7 11:15
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