AuthorTopic: An Ethics question - Material Nonpublic information
@2015-04-15 22:31:02
Hi guys,

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.

Many thanks.
@2015-04-26 22:31:52
Hi fertig44,

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.

Good luck

CFA Discussion Topic: An Ethics question - Material Nonpublic information

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Craig Baugh