Market Integrity Flashcards
1
Q
General defence - Insider dealing
A
“would have dealt anyway”
2
Q
Insider list contains
A
Identity of each person
reason why on list
date created and updated
3
Q
Restricted or watch lists
A
Implemented during sensitive periods
takeovers and mergers
public offerings
trades in specific securities by restricted persons monitored by compliance
4
Q
Indicators of poor controls
A
- distribution of restricted lists throughout the firm
- Senior management understand any non-disclosure agreements
- failure clear desk policy
- failure to account for third party access to data
5
Q
PAD rules are enforced for
A
- purchase shares in investment trust under pad rules
- purchase shares by employee on behalf of his spouse
6
Q
Whistleblowing examples of legislation
A
- Dodd- Frank Wall Street reform &
Consumer protection act (US) - Public interests and disclosure act (UK)
