趙同學(xué)
2021-01-01 18:05Only the institutional trades comply with CFA Institute Standards. All the trades were processed on a net basis. Because the firm disclosed that institutional orders may be executed on a net basis, the institutional trades did not result in a violation. The firm disclosed to clients that in riskless principal trades, retail clients will receive the same execution price without mark-up. Executing the retail orders on a net basis with a $.01 mark-up resulted in a violation of Standards I(C) and III(B) relating to misrepresentation and fair dealing. 老師，這道題的答案解釋沒有看明，請您指導(dǎo)。
所屬：CFA Level III > Ethical and Professional Standards 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個回答
Johnny助教
2021-01-04 09:41
該回答已被題主采納
同學(xué)你好，在交易的時候，訂單價格是25，當(dāng)處理客戶訂單時，自動交易系統(tǒng)自動使用25.01的最公開價格，然后公司與客戶確認(rèn)了25.01美元的支付價格。機(jī)構(gòu)客戶是net basis的，它們可以賺取買賣價差，價格可以不同，但是個人客戶價格不能有上下浮動，也沒有傭金和費用，所以這個交易對機(jī)構(gòu)客戶是合規(guī)的，對個人客戶是不合規(guī)的。因此這個題選B，只有機(jī)構(gòu)客戶是合規(guī)的。
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