Bill Gates, CFA, is a securities analyst covering transportation industry in a local broker. According to the Code of Ethics and Standards of Professional Conduct, which of the following recommended procedures to prevent violations of the Standards of Professional Conduct relating to priority of transactions is NOT accurate()
A. Prohibit personal trading in the broker's recommended stock list.
B. Fully disclose to investors the broker's policies regarding personal investing.
C. Restrict investment personnel to participate on private placements.
参考答案:A
解析:
为了避免违反优先交易权(priority of transactions)的行为标准,充分地向投资者披露公司关于个人投资的政策,限制会员参与股票的首次公开发行(initial public offering)和非公开发行(private placement),主管可为投资人员建立报告流程,包括个人持股及利益所有人(beneficial ownership)的披露、交易的确认以及提前申报的流程,这些都是CFA协会所推荐的做法。但专业行为标准并不限制个人去购买公司所推荐的股票,只要给雇主和客户留有充分的购买时间即可。