CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

Henry Clay is employed by a investment bank based in New York and is working in the country of Waselia. It is legal in Waselia for management and their friends to trade based on non-public material information. Clay is provided non-public material information verbally by insiders of a firm, and trades based on that information.
A. Clay is in violation of the Standards. He needs to follow the strictest of the New York laws, Waselia laws, and the Standards.
B. Clay is not in violation of the Standards as insider trading is legal in Waselia.
C. Clay's conduct violates CFA recommendations but not the Standards.
Explanation: As per the Standards, Clay needs to follow the strictest of the New York laws, Waselia laws and the Standards.

User Contributed Comments 1

User Comment
nabilhjeily ok now that was really bad i only scored 2/10
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