【羿文寄语】怀揣未来的梦想，在每一个平凡而不平淡的日子里坚持学习，考试需要不断努力。

CFA考试Level Ⅰ

【单选题】

Kate Wilson, CFA, is an equity analyst.Wilson enters two divansactions for her personal account.Wilson sells 500 shares of Tibon, Inc., a stock on which her firm currently has a "Buy" recommendation.Wilson buys 200 shares of Hayfield Co.and the following day issues a research report on Hayfield with a "Buy" recommendation.Has Wilson violated the Code and Standards?

A.No.

B.Yes, both of her actions violate the Code and Standards.

C.Yes, but only one of her actions violates the Code and Standards.

答案：C

【解析】Only one of these transactions is a violation.Standard VI(B) Priority of Transactions requires members and candidates to give clients an adequate opportunity to act on a recommendation before trading for accounts in which the member or candidate has a beneficial ownership interest.Members and candidates may trade for their own accounts as long as they do not disadvantage clients, benefit personally from client trades, or violate any regulations that apply.The Standard does not prohibit members and candidates from entering personal transactions that are contrary to what their firms are recommending for clients, as long as the transaction does not violate any of these criteria.