Charlie Mancini, CFA, is the Managing Director of VES Financial (VES), a large US—based mutual fund organization. Mancini has been under pressure recently to increase revenues. In order to secure business from a large hedge fund manager based in Asia, Mancini recently approved unusual terms for the fund’s client agreement. To allow for time zone differences, the agreement allows the hedge fund to trade in all of VES’s mutual funds six hours after the close of US market. According to the Standards of Practice Handbook, did Mancini violate any CFA Institute Standards of Professional Conduct（）
A. No.
B. Yes, because he failed to inform his other clients of the unusual terms under the new client agreement, thus not treating clients equally.
C. Yes, because he failed to review regulations on late-trading and did not consult with VES’s compliance director to determine if late-trading was acceptable.
参考答案：C
解析：
[分析]： 执业操守标准Ⅱ (B)(市场操纵)要求会员通过禁止市场操纵行为以保证市场诚信。市场操纵是指通过扭曲证券价格和市场交易量等手段来达到欺骗公众或其他依赖于市场信息的实体机构的目的。在本题中，Mancini没有遵守推迟交易的相关规定，并允许其对冲基金客户操纵交易时间，因此，Mancini误导了其他市场参与者并使其自身从中获利。显然，Mancini的上述行为违反了执业操守标准Ⅱ (B)的相关规定。 [考点] 资本市场诚信