CFA Practice Question

There are 221 practice questions for this study session.

CFA Practice Question

An employee who is authorized to make trades on behalf of his or her employer but makes unauthorized trades is known as a(n) ______.
A. unauthorized trader
B. rogue trader
C. reckless trader
Explanation: One of the most famous rogue traders is Nick Leeson, who incurred a US$1.3 billion loss through unauthorized trading. His employer, Barings Bank, went bankrupt due the heavy loss.

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