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- Topic: Ethics question.. need help
| Author | Topic: Ethics question.. need help |
|---|---|
| meyouzick @2008-05-23 23:00:41 |
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 likely correct? Quigley: A. did not violate Code and Standards. B. violated the Code and Standard by manipulating the prices of publicly traded securities. C. violated the Code and Standards by failing to disclose the transactions to clients before they occured. D. violated the code and standards by failing to establish a reasonable and adequate basis before making the trades. |
| swati4891 @2008-05-26 13:57:38 |
The answer is A. |
| novica @2008-05-30 01:19:30 |
It's in fund's manadate to short and long. She did not manipulate the stock price. Tha answer is A |
| hannovanwyk @2008-05-30 10:30:42 |
I agree, A |
CFA Discussion Topic: Ethics question.. need help
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
