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| Lewis McChord, CFA, a research analyst, covers the auto industry at an investment bank. McChord recently read a report on an auto manufacturing company written by Pierce Brown. Brown's report provided extensive coverage of the company's newly launched products indicating that sales volume, not yet publicly available, would raise future profits. Intrigued by the report, McChord called a senior executive at the company whom she has known personally for years. The officer gave her specific details on new vehicle sales, indicating that profits would double in the current quarter. McChord added this data to Brown's report and then circulated it within her firm as her own report. McChord least likely violated which of the following CFA Institute Code of Ethics and Standards of Professional Conduct? A:Misrepresentation B:Preservation of Confidentiality C:Material Nonpublic Information |
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