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John McNeal, CFA, has a friend named Stan Green, a journalist at Investment News, a weekly magazine. In one of their conversations, Green tells McNeal about material nonpublic problems at Brightstar.com, a heavily traded firm. Green has written a special article about Brightstar.com’s problems that will appear in the next issue of Investment News. According to the Standards, can McNeal act on the information Green has shared with him? A. Yes, McNeal can trade on the information but should ask Green to disseminate the information immediately. B. No, McNeal cannot trade on the information. C. Yes, McNeal can trade on the information, because it is already public. |