Q11.Which one of the following least accurately describes the CFA Institute Standard about using material nonpublic information? A) An analyst may use material nonpublic information as long as it has been developed under the Mosaic Theory. B) An analyst using material nonpublic information may be fined by CFA Institute. C) An analyst may violate this Standard by passing information to others even when it has been obtained from outside the company.
Q12.A CFA Institute member is a U.S. citizen living and working in a foreign country. That country has no laws against insider trading. Based on this information, the CFA Institute member may: A) trade using insider information. B) not trade using insider information based upon the CFA Institute Standards. C) not trade using insider information based upon the rules of the SEC.
Q13.An analyst provides services for a charitable organization and in return gets free membership in the organization. Part of her job is to manage the liquid assets of the organization, and those assets include stocks. Her supervisor in the organization calls her and tells her to buy a certain stock for the portfolio based upon insider information from a board member in the organization. The analyst objects, but the supervisor says this is what they have always done and sees no reason for changing now. The analyst complies with the request. With respect to Standards IV(A), Loyalty to Employer, and II(A), Material Nonpublic Information, the analyst violated: A) only Standard II(A) that prohibits insider trading. B) both Standards IV(A) and II(A). C) only Standard IV(A) requiring duty of loyalty.
Q14.Which one of the following constitutes the illegal use of material nonpublic information? A) Trading on information your sister, the firm's attorney, told you over dinner. B) Trading based on your analytical review of the firm's future prospects. C) Trading immediately after attending the firm's annual shareholders’ meeting. | 
发表于 2008-12-31 15:34
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