Ethical Decision-Making in Competitive Situations

Very Easy Professional Standards Application Ethical Decision-making

Lisa is a portfolio manager with a well-established reputation for ethical conduct. One day, she overhears a conversation at a networking event where a competitor makes disparaging remarks about an investment strategy that her firm plans to implement. Lisa realizes that sharing this information might discourage potential clients from investing with her competitor, but she is uncertain if she should use this knowledge to her advantage.

What should Lisa prioritize in making her decision regarding the use of this information?

Using the information to gain a competitive edge is acceptable as long as it benefits her clients.

Prioritizing integrity and not using the information in a way that could harm a competitor.

Disregarding the information entirely as it is not relevant to her firm's strategy.

Hint

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