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Late Trading in normal law and financial terms is:
While it is not considered market misconduct or an offence, representatives should not engage in late trading to ensure that they adhere to fund management best practices. Late trading refers to the practice where an investor places an order to subscribe, switch, cancel or redeem units or shares in a CIS after the time which the CIS has calculated its net asset value, and the investor receives a price per unit or price per share based on the net asset value already determined earlier that day
While it is not considered market misconduct or an offence, representatives should not engage in late trading to ensure that they adhere to fund management best practices. Late trading refers to the practice where an investor places an order to subscribe, switch, cancel or redeem units or shares in a CIS after the time which the CIS has calculated its net asset value, and the investor receives a price per unit or price per share based on the net asset value already determined earlier that day
What is the main motive of short selling?
The main motivation for short selling is profit,
The main motivation for short selling is profit,
Insider trading of possessed information which was not generally available occurs through:
In the case of a connected person, it has to be proven that the connected person possessed information which was not generally available.
In the case of a connected person, it has to be proven that the connected person possessed information which was not generally available.
This information if were generally available, might have a material effect on the price or value of the securities:
As mentioned previously, non-public price-sensitive information or ͞inside information͟ is information that is not generally available and if it were generally available, might have a material effect on the price or value of the securities.
As mentioned previously, non-public price-sensitive information or ͞inside information͟ is information that is not generally available and if it were generally available, might have a material effect on the price or value of the securities.
This form of trading occurs when the trade took place in the exchange and it is deliberately used to distort the exchange price:
Pre-arranged trading occurs when a trade purports to have been executed in the exchange’s competitive trading system when in fact it was pre-arranged. This may mean that, although the trade took place in the exchange, it had been covertly agreed beforehand. In extreme cases, pre-arranged trades are deliberately used to distort the exchange price.
Pre-arranged trading occurs when a trade purports to have been executed in the exchange’s competitive trading system when in fact it was pre-arranged. This may mean that, although the trade took place in the exchange, it had been covertly agreed beforehand. In extreme cases, pre-arranged trades are deliberately used to distort the exchange price.
This process involves the intentional interference with the free forces of supply and demand to deceive or defraud investors, or for some other ulterior purpose:
Broadly, market manipulation involves the intentional interference with the free forces of supply and demand to deceive or defraud investors, or for some other ulterior purpose.
Broadly, market manipulation involves the intentional interference with the free forces of supply and demand to deceive or defraud investors, or for some other ulterior purpose.
Members and representatives are prohibited from the following offenses in market manipulation scenario:
I. Engaging in practices that mislead appearance
II. Engaging in practices that mislead active trading
III. Engaging in practices that affect the price of securities
IV. Engaging in activities that deform the IPO scenario
Members and representatives are prohibited from engaging in any practices, or inducing any person to create a false or misleading appearance of active trading in any securities. Member and representative are not allowed to deal in securities in a manner that may affect or maintain the price of securities.
Members and representatives are prohibited from engaging in any practices, or inducing any person to create a false or misleading appearance of active trading in any securities. Member and representative are not allowed to deal in securities in a manner that may affect or maintain the price of securities.
Market is capable of the following traits and characteristics:
I. Carry out insider trading
II. Shuffle information in an undefined manner
III. May mislead investors
IV. Gives rise to money laundering
Nevertheless, the market activity itself may mislead investors as they might assume that a sudden price change in the issuer’s securities reflects a corresponding change in its business or prospects.
Nevertheless, the market activity itself may mislead investors as they might assume that a sudden price change in the issuer’s securities reflects a corresponding change in its business or prospects.
What are the fundamentals for public announcements:
The content of a press release or other public announcement is as important as its timing. Each announcement should:
– Be factual, clear and succinct;
– Contain sufficient quantitative information to allow investors to evaluate its relative importance to the activities of the issuer
– Be balanced and fair
The content of a press release or other public announcement is as important as its timing. Each announcement should:
– Be factual, clear and succinct;
– Contain sufficient quantitative information to allow investors to evaluate its relative importance to the activities of the issuer
– Be balanced and fair
Public announcement should contain which information to allow investors to evaluate its relative importance to the activities of the issuer:
Each announcement should:
i. Be factual, clear and succinct;
ii. Contain sufficient quantitative information to allow investors to evaluate its relative importance to the activities of the issuer;
iii. Be balanced and fair
Each announcement should:
i. Be factual, clear and succinct;
ii. Contain sufficient quantitative information to allow investors to evaluate its relative importance to the activities of the issuer;
iii. Be balanced and fair
Soft Dollar Commissions refers to:
I. A simple transaction between a company and customer
II. Receiving of soft dollars from a broker for directing business to the broker in the management of an authorized scheme
III. An investment advice to the customer
IV. Trading of funds
A LFMC and its representatives may receive soft dollars from a broker for directing business to the broker in the management of an authorized scheme.
A LFMC and its representatives may receive soft dollars from a broker for directing business to the broker in the management of an authorized scheme.
Why LFMC does not need to provide a monthly statement of the accounts to its customers:
I. If there is no change in any particulars
II. If the customer is an accredited investor
III. If the customer is a a related corporation of LFMC
IV. If the customer has already withdrawn connections with the company
However, the LFMC does not need to provide a monthly statement if there is no change in any particulars since the date of the last account statement. The LFMC also does not need to provide monthly and quarterly statements if the customer is an accredited investor or a related corporation of LFMC
However, the LFMC does not need to provide a monthly statement if there is no change in any particulars since the date of the last account statement. The LFMC also does not need to provide monthly and quarterly statements if the customer is an accredited investor or a related corporation of LFMC
Which of the following statement is true for withdrawals of money or assets from trust/custody accounts in eyes of LFMC:
A LFMC does not have absolute discretion to draw down on its customers͛ monies and/or assets. A LFMC may make withdrawals from a customer’s trust account only for few exceptions.
A LFMC does not have absolute discretion to draw down on its customers͛ monies and/or assets. A LFMC may make withdrawals from a customer’s trust account only for few exceptions.
When applying for approval of the arrangement, the Singapore entity should ensure that its foreign related corporation meet which of the following criteria:
When applying for approval of the arrangement under the Singapore entity should ensure that its foreign related corporation meet the following criteria:
• It has maintained a track record of at least 3 years in the proposed activity
• It discharges its functions in an efficient, honest and fair manner
• It maintains a good ranking in its home country
• It is subject to proper supervision by its home regulatory authority for the activities carried out under the arrangement.
When applying for approval of the arrangement under the Singapore entity should ensure that its foreign related corporation meet the following criteria:
• It has maintained a track record of at least 3 years in the proposed activity
• It discharges its functions in an efficient, honest and fair manner
• It maintains a good ranking in its home country
• It is subject to proper supervision by its home regulatory authority for the activities carried out under the arrangement.
LFMCs are not required to segregate their managed assets if the assets are:
LFMCs are not required to segregate their managed assets if the assets are not listed or quoted on a securities market.
LFMCs are not required to segregate their managed assets if the assets are not listed or quoted on a securities market.
Which of the following provision is included in investment conduct?
This section prescribes how investment managers should conduct investment transactions and includes provisions relating to:
• Conflict of interest
This section prescribes how investment managers should conduct investment transactions and includes provisions relating to:
• Conflict of interest
To determine whether a person can exercise control over the investment portfolio, MAS may consider which of the following factor:
To determine whether a person can exercise control over the investment portfolio, MAS may consider factors such as whether the person is involved in the construction of the investment portfolio, has knowledge of, or access to the holdings of the portfolio beyond what is publicly available, or is named or referred to in the fund͛s prospectus, offering documents or marketing materials.
To determine whether a person can exercise control over the investment portfolio, MAS may consider factors such as whether the person is involved in the construction of the investment portfolio, has knowledge of, or access to the holdings of the portfolio beyond what is publicly available, or is named or referred to in the fund͛s prospectus, offering documents or marketing materials.
In normal circumstances, it would not be considered a pre-arranged cross trade if:
I. There is more than 10 seconds between the 1st and 2nd legs of the order
II. There is more than 20 seconds between the 1st and 2nd legs of the order
III. The 10-second rule is not breached
IV. The 20-second rule is not breached
In normal circumstances, it would not be considered a pre-arranged cross trade if there is more than 10 seconds between the 1st and 2nd legs of the order. It should be noted that the firm should have in place internal policies and procedures to ensure that the 10-second rule is not breached
In normal circumstances, it would not be considered a pre-arranged cross trade if there is more than 10 seconds between the 1st and 2nd legs of the order. It should be noted that the firm should have in place internal policies and procedures to ensure that the 10-second rule is not breached
If found guilty, the CMS licence holder or its representative may also face:
I. Civil action
II. The relevant authority is empowered to bring a court action
III. A civil penalty in place of the criminal penalty
IV. Permanent suspension
If found guilty, the CMS licence holder or its representative may also face civil action and the relevant authority is empowered to bring a court action which could result in the court imposing a civil penalty in place of the criminal penalty
If found guilty, the CMS licence holder or its representative may also face civil action and the relevant authority is empowered to bring a court action which could result in the court imposing a civil penalty in place of the criminal penalty
Which of the following services are allowed by Qualifying Full Banks?
I. Custodial business
II. Underwriting
III. Common Stock
IV. Prospects of the company
They are also allowed to provide capital markets products, custodial business, underwriting, corporate finance activities and some even offer life policies as distributors for insurance companies.
They are also allowed to provide capital markets products, custodial business, underwriting, corporate finance activities and some even offer life policies as distributors for insurance companies.
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