- This topic has 7 replies, 7 voices, and was last updated Nov-211:53 pm by
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Up8
Does the standards apply to Jack? I figured he wasn’t a CFA charterholder or candidate, hence my answer was “A”.
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Up6
Correct Answer: C
Trinity gave the proposal from Diwan to Simon to gain better insights. The information is clearly confidential. By divulging information about the project to her friend, Simon violates Standard III (E), preservation of confidentiality. Jack has sufficient information to determine that the project information is both material and non-public. By acting on inside information, Jack violates Standard II (A) relating to material non-public information.
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Up4
I answered A, because the question makes no mention of Jack being a CFA charter holder or candidate?
Other questions (and their answers) are very clear about this.-
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Up0
I think my confusion around this is that Jack isn’t mentioned as a candidate or charter holder. I can’t imagine Jack can violate a standard he isn’t held to.
Simon violated Standard II (A) relating to material non-public information by causing Jack to act on material non-public information may be a more accurate way to word the second answer statement.
Please correct me if I’m wrong.
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Up1
My take on this is “did Jack’s actions violate Standard II (A), material non-public information?”
Whether or not Jack is actually bound to the code by professional membership, in my opinion, is moot.
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Up3
Woo! I got it right.
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