Confidentiality and Insider Trading

Medium Cfa Institute Code And Standards Duties - Confidentiality

As a financial analyst working for a large investment firm, you are responsible for analyzing a client's investment portfolio. During your analysis, you inadvertently discover sensitive information about one of the client's competitors, which could be valuable for insider trading. According to the CFA Institute Code of Ethics and Standards of Professional Conduct, what should be your primary course of action regarding this confidential information?

Immediately share the information with your firm's trading department to capitalize on the opportunity.

Report the discovery to your compliance officer and refrain from using or disclosing the information.

Discuss the information with your colleagues to gather thoughts on how to leverage it.

Hint

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