初学者CFAnote里的两个句子不明白,请指教1.InthiscasethatmeansshemustnotparticipateinanyIPOsforherpersonalaccount.是说从业者不能自己买新发售的股票吗?2.Itisappropriatetohaveanalystsworkwithinvestmen

Question

初学者CFA note里的两个句子不明白,请指教
1.In this case that means she must not participate in any IPOs for her personal account.
是说从业者不能自己买新发售的股票吗?
2.It is appropriate to have analysts work with investment bankers in "road shows"only when the conflicts are adequately and effectively managed and disclosed.Be sure there are effective "firewall" between research/investment management and investment banking activities.
investment management和investment banking activities分别指的是什么?
conflict具体指什么冲突?investment banker和analyst之间有什么利益关系?

Answer 1

1、在这种情况下,这就意味着她不能用她的个人账户参与IPO【Initial public offerings(首次公开募股)】.
2、只有当这些冲突在充分地、有效地处理和揭露之后,在“road shows”中有一个分析师和投资银行（家）一起工作是合适的.要确定在研究/投资管理和投资金融活动之间有有效的防火墙.
investment management：投资管理.
investment banking activities：投资金融活动、投资银行业务活动.
road show
A presentation by an issuer of securities to potential buyers.It is intended to create interest in the securities.按发行人的证券的潜在买家介绍.它的目的是创造之证券权益.