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yan · 2025年02月05日

解释一下答案,没看懂

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NO.PZ201604030300004802

问题如下:

2. Does Danko violate CFA Institute Standards when he directs trades to FTI?

选项:

A.

No.

B.

Yes, because by trading with FTI, Danko is putting PIA’s interests ahead of his clients.

C.

Yes, because Danko has a duty to provide FTI’s research to PIA’s clients before executing trades.

解释:

A is correct.

Danko directs his trading with FTI only after taking into account FTI’s ability to provide best execution. There is no indication that FTI requires a certain amount of trading for access to the website, only that access is provided in exchange for orders. This arrangement for trading in return for research services is discussed in the Guidance to the Standards under Standard III(A).

解释一下答案,没看懂

1 个答案

小刘_品职助教 · 2025年02月05日

嗨,爱思考的PZer你好:


题目中说,after concluding that FTI provides best execution, Danko directs to FTI most of his trade orders,表明Danko在将大部分交易指令导向FTI之前,已经对FTI进行了评估,FTI为客户提供通过用户注册网站获取研究和分析师建议的服务,条件是客户不得将这些研究和建议转发给其他方,Danko 考虑了FTI的执行能力,交易与服务的交换安排合理,所以Danko就没有违反CFA协会准则。


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虽然现在很辛苦,但努力过的感觉真的很好,加油!

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