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CFA Level 3
Ethical and Professional Standards

Ethical Dilemma of Sharing Nonpublic Information

Easy Ethical Decision-making Integrity Of Capital Markets

Maria is a portfolio manager at a large investment firm. One evening, she receives an unsolicited call from a friend who works at a technology company. Her friend nonchalantly mentions that the company is about to announce the launch of a groundbreaking product that is expected to boost its stock prices significantly. Maria knows that sharing this information could help her clients make informed decisions regarding their investments. However, she is aware that such information could be considered material and nonpublic.

In light of the CFA Institute's Code of Ethics and Standards of Professional Conduct regarding the integrity of capital markets, what should Maria do?

Hint

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% Correct96%