Q5. An analyst has a large personal holding of a security, and he has just determined that market conditions warrant selling this security. The analyst contacts clients who have a position in the security and advises them to sell some or all of the security. After waiting 24 hours, he sells the security from his personal accounts. This is: A) congruent with Standard VI(B), Priority of Transactions. B) a violation of Standard VI(B), Priority of Transactions. C) a violation of Standard III(B), Fair Dealing.
Q6. An unpaid intern at an investment firm has the task of photocopying unannounced investment recommendations after all regular employees have left for the day. With respect to Standard VI(B), Priority of Transactions, the firm: A) cannot be in violation because Standard VI(B) does not address this issue. B) is acting appropriately by having an unpaid intern do the job. C) is probably violating the Standard.
Q7. A firm produces regular proprietary research reports on various companies. According to Standard VI(B), Priority of Transactions, which of the following would be an “access person?” A) An independent auditor with access to material, non-public information on a company being analyzed. B) A supervisory analyst who reviews all research reports prior to dissemination. C) A person working in the mail room.
Q8. Standard VI(B), Priority of Transactions, applies to transactions an analyst takes on behalf of: A) his clients. B) both of these. C) his employer.
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发表于 2009-1-12 17:20
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