Handling Nonpublic Information

In the context of the CFA Institute Code of Ethics and Standards of Professional Conduct, members and candidates are required to act with integrity and uphold the principles of ethical conduct. One critical area of focus is the handling of nonpublic information. Nonpublic information refers to any data that has not been released to the general public and could impact an investor's decision-making if it were available.

Imagine a scenario where an analyst has obtained nonpublic information regarding an upcoming merger. What should the analyst do with this information?