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Ricardo Torres, CFA, is a well‐respected telecommunications analyst for Pegasus Advisors. He is known for his thorough analysis, including interviews with suppliers, customers, and competitors. Torres has a strong following, and his research reports can often materially move the market. As a result, Pegasus limits the distribution of his reports to Pegasus clients. After losing market share to Pegasus for over two years, Marco Rodrigo, a CFA candidate, reports Torres to the local securities regulator on suspicion of using insider information to make share recommendations. What CFA Institute Standard has Rodrigo most likely violated? A:Misconduct B:Market Manipulation C:Material Nonpublic Information |
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