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maratikus

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tT
发表于 2011-7-13 15:10 | 只看该作者

Insider Information

In Schweser Book 2, Exam 1 AM, question 4. A charter holder 1 tells holder 2 something like "I just talked to the CFO of a company and she told me that management believes that they will receive a large government contract that will increase sales by 20%"

Holder 2 buys stock for his fund. Schweser says this is not a violation since holder 2 did not receive "confidential information".

Why is this not insider information? It said that they "believe" they "will receive".. which means that the contract is not signed yet or finalized for it to be public... What do you guys think?
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luda002

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发表于 2011-7-13 15:10 | 只看该作者
CFO is a credible source, this is clearly a violation for both charterholders.

NO EXCUSES

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ninja1024

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3#
发表于 2011-7-13 15:10 | 只看该作者
being extremely picky, and not having the context of the question, if you are stretching if the CFO had already publicly (non-conference call) disclosed management's belief that it will get this contract, that isn't a violation.

another extremely picky one.

mark it a dumb schweser question and move on

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