Business Practices第 70 / 100 题
A broker-dealer publishes a market letter recommending a stock in which it holds a substantial proprietary position and for which it makes a market. The letter must:
a.Say nothing about the firm's position, to avoid influencing readers
b.Disclose the firm's position and its role as a market maker, and present projections as opinions rather than as fact
c.Guarantee the accuracy of the price target
d.Be filed with the SEC before publication
解析
Publishing research or a market letter without disclosing that the firm makes a market in or holds a position in the security conceals a material conflict of interest. Forecasts must be identified as opinion, since presenting a projection as an assured fact is a misrepresentation. No firm can guarantee a price target, and routine market letters are not filed with the SEC for approval.
法律依据: NASAA Model Rule免费刷完整 100 道题库 — 无需注册。
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