Laws & RegulationsCâu 91 / 110
Which activity constitutes a prohibited misuse of material nonpublic information?
a.Recommending a stock based on published research reports
b.Reviewing a company's public annual report
c.Trading on confidential inside information before it is released to the public
d.Discussing widely reported market news with a client
Giải thích
Trading on material nonpublic (inside) information, or tipping others to do so, is insider trading and is strictly prohibited under federal securities law. Advisers must maintain policies to prevent the misuse of such information. Using publicly available research and news, by contrast, is entirely permissible.
Trích dẫn luật: Investment Advisers Act of 1940Luyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
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