【羿文寄语】对于知识的掌握来自于平时的辛勤付出。

CFA考试Level Ⅰ

【单选题】

Green Brothers, an emerging market fund manager, has two of its subsidiaries simultaneously buy and sell emerging market stocks.In its marketing literature, Green Brothers cites the overall emerging market volume as evidence of the market's liquidity.As a result of its actions, more investors participate in the emerging markets fund.Green Brothers most likely

A.did not violate the Code and Standards.

B.violated the Standard regarding market manipulation.

C.violated the Standard regarding performance presentation.

答案：B

【解析】The intent of Green Brothers' actions is to manipulate the appearance of market liquidity in order to attract investment to its own funds.The increased trading activity was not based on market fundamentals or an actual trading strategy to benefit investors.It was merely an attempt to mislead market participants in order to increase assets under Green Brothers' management.The action violates Standard II (B) Market Manipulation.