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NEW QUESTION: 1
Martha Gillis, CFA, trades currencies for Trent, LLC. Trent is one of the largest investment firms in the world, and its foreign currency department trades more currency on a daily basis than any other firm. Gillis specializes in currencies of emerging nations.
Gillis received an invitation from the new Finance Minister of Binaria, one of the emerging nations included in Gillis's portfolio. The minister has proposed a number of fiscal reforms that he hopes will help support Binaria's weakening currency. He is asking currency specialists from several of the largest foreign exchange banks to visit Binaria for a conference on the planned reforms. Because of its remote location, Binaria will pay all travel expenses of the attendees, as well as lodging in government-owned facilities in the capital city. As a further inducement, attendees will also receive small bags of uncut emeralds (as emeralds are a principal export of Binaria), with an estimated market value of $500.
Gillis has approximately 25 clients that she deals with regularly, most of whom are large financial institutions interested in trading currencies. One of the services Gillis provides to these clients is a weekly summary of important trends in the emerging market currencies she follows. Gillis talks to local government officials and reads research reports prepared by local analysts, which are paid for by Trent.
These inputs, along with Gillis's interpretation, form the basis of most of Gillis's weekly reports.
Gillis decided to attend the conference in Binaria. In anticipation of a favorable reception for the proposed reforms, Gillis purchased a long Binaria currency position in her personal account before leaving on the trip. After hearing the finance minister's proposals in person, however, she decides that the reforms are poorly timed and likely to cause the currency to depreciate. She issues a negative recommendation upon her return. Before issuing the recommendation, she liquidates the long position in her personal account but does not take a short position.
Gillis's supervisor, Steve Howlett, CFA, has been reviewing Gillis's personal trading. Howlett has not seen any details of the Binaria currency trade but has found two other instances in the past year where he believes Gillis has violated Trent's written policies regarding trading in personal accounts.
One of the currency trading strategies employed by Trent is based on interest rate parity. Trent monitors spot exchange rates, forward rates, and short-term government interest rates. On the rare occasions when the forward rates do not accurately reflect the interest differential between two countries, Trent places trades to take advantage of the riskless arbitrage opportunity. Because Trent is such a large player in the exchange markets, its transactions costs are very low, and Trent is often able to take advantage of mispricings that are too small for others to capitalize on. In describing these trading opportunities to clients, Trent suggests that "clients willing to participate in this type of arbitrage strategy are guaranteed riskless profits until the market pricing returns to equilibrium." Regarding Gillis's transactions in the Binaria currency, the Standards have been violated by:
A. selling the position before issuing the recommendation to clients, although taking the long position was not a violation.
B. taking the long position and by selling the position before issuing a recommendation to clients.
C. not disclosing the trades in her report since the trades are acceptable so long as they are disclosed.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Standard V1(B). Gillis is attempting to trade ahead of her employer and her clients in violation of the Standards. She was wrong to take the long position in anticipation of a positive recommendation and wrong to sell the position before issuing her negative recommendation. These trades were wrong regardless of whether they were disclosed. In accordance with Standard VI(B) Conflicts of Interest - Priority of Transactions, client interests must take precedence over personal interests. (Study Session 1, LOS 2.a)

NEW QUESTION: 2
Which three options are characteristics of WebType ACLs? (Choose three.)
A. They support implicit deny all at the end of the ACL.
B. They are assigned per-user or per-group policy.
C. They support URL pattern matching.
D. They support standard and extended WebType ACLs.
E. They are assigned per-connection profile.
F. They can be defined in the Cisco AnyConnect Profile Editor.
Answer: A,B,C
Explanation:
You can configure ACLs (Access Control Lists) to apply to user sessions. These are filters that permit or deny user access to specific networks, subnets, hosts, and web servers. * If you do not define any filters, all connections are permitted. * The security appliance supports only an inbound ACL on an interface. * At the end of each ACL, there is an implicit, unwritten rule that denies all traffic that is not permitted. If traffic is not explicitly permitted by an access control entry (ACE), the security appliance denies it. ACEs are referred to as rules in this topic. This pane lets you add and edit ACLs to be used for Clientless SSL VPN sessions, and the ACL entries each ACL contains. It also displays summary information about ACLs and ACEs, and lets you enable or disable them, and change their priority order.

NEW QUESTION: 3
The implementations group has been using the test bed to do a 'proof-of-concept' that requires both Client 1 and Client 2 to access the WEB Server at 209.65.200.241. After several changes to the network addressing, routing scheme, DHCP services, NTP services, layer 2 connectivity, FHRP services, and device security, a trouble ticket has been opened indicating that Client 1 cannot ping the 209.65.200.241 address.
Use the supported commands to isolated the cause of this fault and answer the following questions.
The fault condition is related to which technology?
A. IPv4 OSPF Redistribution
B. IPv6 OSPF Routing
C. IP NAT
D. IPv4 OSPF Routing
E. NTP
F. BGP
G. IPv4 layer 3 security
Answer: D
Explanation:
Explanation
On R1, for IPV4 authentication of OSPF the command is missing and required to configure------ ip ospf authentication message-digest