Question

1. Angela Merton is based in London and works covering the London market for her Hong Kong based employer. She is invited to a meeting with the top 20 shareholders of a biotechnology company to meet with the management team. During that meeting the finance director mentions that the company will expect its workforce to go on strike next week, which will halt manufacturing and distribution of products. Can Merton use this information to update her analyst forecast on the company from a “buy” to a “sell”?

1. Yes, as she was invited to the meeting and told by company management
2. Yes, as there are other people in the room so the information is public
3. No, because she must first determine if the information is public knowledge

The standard breached is:

Answer 1