ACI
3I0-012 · Question #676
3I0-012 Question #676: Real Exam Question with Answer & Explanation
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Question
You hear from a client of good standing that a major market participant has taken major losses on its proprietary trading book and is desperate for liquidity. You are not convinced that the story is true, but have a friend at another bank who you know has very large exposures to this firm and would be seriously damaged by a default. What advice does the Model Code give?
Options
- AUnsubstantiated information which you suspect to be inaccurate and which could be damaging to a third
- BUnsubstantiated information which you suspect to be inaccurate and which could be damaging to a third
- CUnsubstantiated information which you suspect to be inaccurate and which could be damaging to a third
- DYou have a duty to warn counterparties but should make clear that the information is unsubstantiated.
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