Where Dealing for Personal Account Is Allowed, What Safeguards to Prevent

question 408

Multiple Choice

Where dealing for personal account is allowed, what safeguards to prevent abuse or insider dealing are stated by the Model Code?

• A) The need to maintain confidentiality with respect to non-public price sensitive information
• B) The maximum amounts or sizes of trades dealers are allowed to trade for their own account
• C) The instruments/products dealers can trade for their own account
• D) The pledge that no action is taken by employees that might adversely affect the interests of clients or counterparties

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Definitions:

Liability

A legal responsibility or obligation that may arise from any act or failure to act.

Modern Society

A term referring to societies characterized by the use of technology, industrialization, urbanization, and advanced social, economic, and political structures.

Bill of Lading

A document issued by a carrier to acknowledge receipt of cargo for shipment, serving as a contract between the owner of the goods and the carrier.

Evidence of Title

Evidence of title is documentation or legal proof establishing one's right to ownership of property, usually in the form of a deed or title certificate.