Q16. Don Benjamin, CFA, is the compliance officer for a large brokerage firm. He wants to prevent the communication of material nonpublic information and other sensitive information from his firm’s investment banking and corporate finance departments to its sales and research departments. The most common and widespread approach that Benjamin can use to prevent insider trading by employees is the: A) Wall Street Rule. B) legal list. C) fire wall.
Q17. 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.
Q18. stockbroker who is a member of CFA Institute has a part-time housekeeper who also works for the CEO of Festival, Inc. One day the housekeeper mentions to the broker that she saw the CEO of Festival having a conversation at his home with John Tater, who is a nationally known corporate lawyer and consultant. The stockbroker is restricted from trading on this information: A) for both of the reasons listed here. B) if the housekeeper says the meeting concerned a tender offer and the broker knows that it is non-public information. C) only if the broker knows that the meeting is non-public information.
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发表于 2009-1-12 16:23
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