Ethical Dilemma in Insider Trading

Jane Doe is a portfolio manager at BlueChip Investments, a firm known for its rigorous compliance standards. Recently, she discovered that a company, Tech Innovations Inc., which she holds in her portfolio, is about to release a groundbreaking product that she believes will significantly increase its market value. Before the announcement is officially made, Jane receives a call from a friend who works in the media and casually mentions the product launch.

With this inside information, Jane faces a dilemma. She could either wait for the official announcement or take immediate action to buy more shares of Tech Innovations Inc. before the price rises. Her firm has a strict policy regarding insider trading, but Jane reasons that since the information was shared in a casual conversation and not through formal channels, it may not constitute insider trading.

What should Jane do to uphold her ethical responsibilities regarding the integrity of capital markets?