Q1. An analyst likes to trade options in her own account. She does not deem any of her client accounts suitable for option trading. When she finds a favorable options position, in accordance to Standard VI(B), Priority of Transactions, she should: A) act on it on her own behalf as she sees fit. B) first tell her clients about it before acting herself. C) refrain from acting until she notifies her supervisor.
Q2. 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 person working in the mail room. C) A supervisory analyst who reviews all research reports prior to dissemination.
Q3. Standard VI(B), Priority of Transactions, applies to transactions an analyst takes on behalf of: A) both of these. B) his clients. C) his employer.
Q4. Samuel Goldstein, CFA, is an analyst for Tamarack Securities. Goldstein’s father, Reuben, has a client account at Tamarack. In ordering trades, Goldstein should place orders in: A) his clients' accounts first, his father's account second, and his account last. B) all accounts simultaneously. C) his clients' and his father's accounts in the first group and his personal accounts in the second group.
Q5. Andy Rock, CFA, is an analyst at Best Trade Co. The company is going to announce a sell recommendation on Biomed stock in one hour. Rock was a member of the team who reached the decision on Biomed. Rock’s wife has an account at Best Trade Co. that contains Biomed stock. According to the Code and Standards, trading on Rock’s wife’s account can begin: A) only after the recommendation is announced to the general public. B) as soon as the information is disseminated to all clients. C) only after Rock, as a beneficial owner, has given an appropriate amount of time for clients and his employer to act.
[此贴子已经被作者于2009-1-4 15:00:25编辑过] | 
发表于 2009-1-4 14:43
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