Disclosure of Personal Investments in Client-Recommended Stocks

Emily is a portfolio manager at a large investment firm, overseeing several high-net-worth client accounts. In her personal capacity, she has been trading shares of a technology startup that is also on her firm's recommended buy list. Recently, the firm's analysts issued a strong buy recommendation for this startup, leading to a significant increase in its stock price. Emily is aware of the company's impending product launch, which could further influence the stock price. However, she has not disclosed her personal investment to her compliance officer or her clients.

Given the CFA Institute's Research Objectivity Standards and regulations regarding personal investments, what should Emily have done to maintain compliance?