NO.PZ201604030300004606
问题如下：
6. When shorting Tefla stock, does Garcia violate any CFA Institute Standards?
选项：
A.No.
B.Yes, because he does not have a reasonable basis for the trade.
C.Yes, because he is in possession of material nonpublic information.
解释：
C is correct.
Garcia is in possession of material nonpublic information and acted on it in violation of Standard II(A). After the analyst’s recommendation has been issued and/or distributed publicly, Garcia would be free to make the trade. Because this is a personal purchase, the standard relating to diligence and reasonable basis is not applicable.
1、知道A公司的重大非公开信息，然后交易同行业的B公司，这个到底算不算违法II（A）material nonpublic information
2、另外重大非公开信息指的是这个信息本身，还是说相对于投资决策：即对于投资A公司，这个算重大非公开信息，那么对于投资B公司，这个算不算重大非公开信息呢？
