Susan Dillon, a hedge fund manager, is conducting business in a developing country. According to the local law, trading securities based on material non-public information is permitted. So if Dillon trades using this information. What standard of professional conduct/conducts does she violate?
A. No
B. Material nonpublic information
C. Both material nonpublic information and Knowledge of the law.
Correct answer:C
此题有两点需要注意:
1. 这个题目首先的条件不是非常充分,所以补充了material
2. 这个题目违反了两条,注意Knowledge of the law:
Step1:B国的law比A国严格—>遵守B国law
Step2:B国的law说要遵守A国的law—>遵守A国law
Step3:比较A国law 与CFA Code,Code更严格—>遵守Code
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