CFA Level I sample question

CFA Level I Standard II(A) Material Nonpublic Information question

Ethical and Professional Standards / Standard II(A) Material Nonpublic Information

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Standard II(A) Material Nonpublic Information sample question

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Ethical and Professional Standards

Standard II(A) Material Nonpublic Information

An analyst combines public shipping data, supplier interviews, and a nonmaterial comment from a company salesperson to estimate quarterly revenue above consensus. One day later, the CFO privately tells the analyst that the board has approved an undisclosed merger that will materially increase the company's value. The analyst's most appropriate trading decision is to:

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