Level III Question #1: An analyst has a large personal holding of a security, and he has just determined that market conditions warrant selling this security. The analyst contacts clients who have a position in the security and advises them to sell some or all of the security. After waiting 24 hours, he sells the security from his personal accounts. This is: A. a violation of Standard VI(B), Priority of Transactions. B. a violation of Standard III(B), Fair Dealing. C. congruent with Standard VI(B), Priority of Transactions. Answer will be posted on May 2, 2014.
Posted on: Thu, 01 May 2014 14:30:42 +0000
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