CFA道德是一二三級(jí)考試中都要學(xué)習(xí)的科目，一級(jí)是基礎(chǔ)，在備考CFA一級(jí)考試道德科目知識(shí)點(diǎn)學(xué)習(xí)的如何？需要在理解的基礎(chǔ)上學(xué)習(xí)知識(shí)點(diǎn)的，今天融躍CFA一起看看道德考試題！

Over the past two days，Lorraine Quigley，CFA，manager of a hedge fund，has been purchasing large quantities of Craeger Industrial Products'common stock while at the same time shorting put options on the same stock.Quigley did not notify her clients of the trades although they are aware of the fund's general strategy to generate returns.Which of the following statements is most like/ycorrect？Quigley：

A.did not violate the Code and Standards.

B.violated the Code and Standards by manipulating the prices of publicly traded securities.

C.violated the Code and Standards by failing to disclose the transactions to clients before they occurred.


【答案】A

【解析】Quigley's trades are most likely an attempt to take advantage of an arbitrage opportunity that exists between Craeger's common stock and its put options.

She is not manipulating the prices of securities in an attempt to mislead market participants，which would violate Standard II（B）Market Manipulation.She is pursuing a legitimate investment strategy.Participants in her hedge fund are aware of the fund's investment strategy，and thus Quigley did not violate the Code and Standards by not disclosing this specific set of trades in advance of trading.

CFA知識(shí)學(xué)習(xí)是長(zhǎng)期的事情，但是堅(jiān)持CFA考試是每一位學(xué)員應(yīng)該做到的。通過CFA考試掌握更多的金融知識(shí)，讓自己變成富有的人。更多CFA備考知識(shí)、資料領(lǐng)取及學(xué)習(xí)答疑的事情，學(xué)員可以在線咨詢老師或者添加老師微信。