Ethics: Is it a violation? investment, interest, material, standard, company

w1977

Suppose a analyst discovers material non-public information about a company and then



1) Makes investment decisions eg sells/buys the securities before anyone else could have known about the material non-public info.

OR

2) Writes a report and circulates it among clients,who had shown prior interest, and prospective clients .


OR

3) Urge the company to make that information public. If Company does not make the info public, what should the analyst do so as not make violate any standard?


I also understand that #1 is a violation for sure. But can is #2 a violation?

Pls share your thoughts!