Q4.The mosaic theory is the idea that an analyst can: A) make recommendations or trade based on several pieces of public or nonpublic information, each piece by itself being nonmaterial, but when compiled the information becomes material. B) make investment recommendations on the basis of several pieces of nonpublic information as long as the aggregate information remains nonmaterial. C) base his recommendations on nonpublic material information only for the clients of the company, but not for the general public.
Q5.Insider trading can be defined as information that is: A) material and nonpublic. B) material and public. C) nonmaterial and nonpublic.
Q6. An analyst is allowed to trade on information that he has predicted, such as a corporate action or event, using perceptive assembly and analysis of material public information or nonmaterial, non-public information. This is called the:
A) assessment theory. B) mosaic theory. C) deduction theory.
Q7.Which of the following statements concerning Standard II(A), Material Nonpublic Information, is TRUE? A member: A) can trade on material non-public information if the information was not obtained through a breach of duty. B) cannot trade on material non-public information. C) can trade on material non-public information if the information has not been misappropriated.
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发表于 2008-12-31 15:32
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