if company A’s Gerneral manager tell his wife(Lucy) about A is going to buy over company B, which would double earning of company A. Lucy told her stockbroker, Nancy (CFA charterholder) , who immediately buy company A’s stock for herself.
Did lucy and Nancy violate standard II(A)material nonpublic informantion?
the answer gives both lucy and nancy violate.
but i think only nancy violate bz she is the member or candidate of CFA, who needs to abide by cfa standard as it defined on study notes page 13, book1.
thanks |