进击的peter · 2020年03月15日
* 问题详情，请 查看题干
问题如下：
6. Which of PIA’s Trading Procedures is most consistent with the CFA Institute Standards?
选项：
A. Procedure 1.
B. Procedure 2.
C. Procedure 3.
解释：
A is correct.
A blackout period is appropriate for investment decision-making personnel so that managers do not take advantage of their knowledge of trading activity and ‘front run’ the trade. The actual detail of the blackout period is not specified in the Standards, only that one should exist.
b和c不可以的理由是什么
发亮_品职助教 · 2020年03月16日
嗨，从没放弃的小努力你好：
Each quarter a randomly selected group of investment personnel must provide duplicate trade confirmations to the PIA compliance officer
这点错在：Randomly selected group，不应该随机选择；应该是所有员工只要有交易就应该Send duplicate trade confirmation，所有员工都要披露自己的交易：
Members and candidates should fully disclose to investors their firm’s policies regarding personal investing.
Investment personnel must receive prior approval for personal trades only for those trades greater than $5,000.
这个错在Only for those trades greater than $5，000
如果要对员工执行Preclearance政策，员工所有的交易，都应该在交易之前提前报备给公司，所有交易、不论金额的大小都应报备。
Investment personnel should examine all planned personal trades to identify possible conflicts prior to the execution of the trades.
比如，他这里有5000的限制，那员工只要把一笔大额交易打散成多笔小额交易即可，例如打散成多个4900元的交易，那所有的交易就不用报备了，这样这个报备政策就有漏洞。
关于本题涉及到的：Preclearance（提前报备正常）、Providing duplicate confirmations of transactions（提供自己交易记录备份给公司）、Establish blackout/restricted periods（设立Blackout期），这都是协会为Priority of Transactions这条准则，推荐的几个做法。
-------------------------------虽然现在很辛苦，但努力过的感觉真的很好，加油！
NO.PZ201604030300004806 1.5天是条款里规定的吗？ 2.如果妻子的账户是fee-paying也不可以，但是父母或其他亲属的付费账户不应该区别对待，是这样吗？
Procere 2. Procere 3. A is correct. A blackout periois appropriate for investment cision-making personnel so thmanagers not take aantage of their knowlee of trang activity an‘front run’ the tra. The actutail of the blackout periois not specifiein the Stanr, only thone shoulexist. 五天前不能交易，还有十天前呢
