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A CFO who is a CFA Institute member is careful to make his press releases—some of them containing material and previously undisclosed information—clear and understandable to his readers. While writing a new release, he often has his current intern proofread rough drafts. He also sends electronic copies to his brother, an English teacher, to get suggestions concerning style and grammar. With respect to Standard II(A), Material Nonpublic Information, the CFO is: A. violating the standard by either showing the pre-release version to his intern or sending it to his brother. B. not in violation of the Standard. C. only in violation by e-mailing the pre-release version to his brother but not the intern, because the intern is in essence an employee of the firm. |