|Author||Topic: An Ethics question - Material Nonpublic information|
A quick question. If A (an employee of the firm) has material nonpublic info and tells B, who tells C, who tells D and D trades on the information.
Is it only D that has violated the Standard II(A)? Because thatís what the textbook example is suggesting.
I guess your are talking about example 1. In the comment of this example it is stated that both C and D violated the standard.