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Session 1: Ethical and Professional Standards7 L( ?! ]" i |4 `' G, z
+ ]; t- j( v0 Y0 z, ]6 L) RReading 2-II: Standards of Professional Conduct & Guidance: Integrity of Capital Markets
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LOS B.: Market Manipulation./ U4 T) Z) P4 ^0 I% f
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Steve Waters, a CFA Level I candidate, has decided to enter into a long position of Farmco stock. Since Farmco is thinly traded, Waters is concerned the order will overwhelm the liquidity of Farmco and the price will surge. Waters engages in a series of block trades in order to accomplish the purchase. According to Standard II(B), Market Manipulation, Waters has engaged in:
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发表于 2015-12-15 18:13:54
发表于 2019-5-20 13:22:13