NO.PZ201604030300004805
问题如下:
5. Does Danko violate the CFA Institute Standards when he allocates oversubscribed IPO issues?
选项:
A. No.
B. Yes, because he should allocate the oversubscribed IPOs across all discretionary accounts.
C. Yes, because he should treat his wife’s account the same as other discretionary accounts and include it in the oversubscribed IPO allocations.
解释:
A is correct.
When an issue is oversubscribed, allocations cannot be made to accounts where members and candidates have beneficial interest; client orders must be filled first.
请问为什么不选B?oversubscrib时,为什么不是在所有discretionary accounts中做allocation