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CFA考试Level Ⅰ

【单选题】

Ed Ingus, CFA, visits the headquarters and main plant of Bullitt Company and observes that inventories of unsold goods appear unusually large.From the CFO, he learns that a recent increase in returned items may result in earnings for the current quarter that are below analysts' estimates.Based on his visit, Ingus changes his recommendation on Bullitt to "Sell." Has Ingus violated the Standard concerning material nonpublic information?

A.Yes.

B.No, because the information he used is not material.

C.No, because his actions are consistent with the mosaic theory.

答案：A

【解析】The statement from the CFO about the current quarter's earnings is material nonpublic information.Ingus violated Standard II (A) Material Nonpublic Information by acting or causing others to act on it.