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Yvonne0719 · 2024年09月15日

请问选项A哪里说的不对呢?不应该卖股票?

NO.PZ2023021602000027

问题如下:

Diana Fairbanks, CFA, is married to an auditor who is employed at a large accounting firm. When her husband mentions that a computer firm he audits will receive a qualified opinion, she thinks nothing of it. Later that week, when she reviews a new client account, she notices there are substantial holdings of this computer firm. When she does a thorough internet search for news on the company, she does not find anything about its most recent audit or any other adverse information. Which of the following actions concerning the computer stock should Fairbanks most likely take to avoid violating the CFA Institute Standards of Professional Conduct?

选项:

A.Complete a thorough and diligent analysis of the company and then sell the stock. B.Sell the stock immediately because she has a reasonable basis for taking this investment action. C.Take no investment action.

解释:

The information concerning the qualified opinion is material. It is also nonpublic because it has not been released and is not available online, so the mosaic theory would not hold up in this case. As a result, she would be in violation of Standard II(A)–Material Nonpublic Information if she took investment action based on this information. She should also make reasonable efforts to achieve public dissemination of the information.

请问选项A哪里说的不对呢?不应该卖股票?

1 个答案

王暄_品职助教 · 2024年09月16日

嗨,从没放弃的小努力你好:


A.Complete a thorough and diligent analysis of the company and then sell the stock,即对公司进行彻底和认真的分析,然后出售股票

这个选项的问题在于,尽管Diana进行了彻底的分析,但她仍然是在基于重大非公开信息(即她丈夫提到的有限制审计意见)来做出投资决策。这违反了CFA道德标准中关于使用重大非公开信息的规定。


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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

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