Business, 27.07.2021 20:30 nkslsj

Christy Pasley, CFA, is the chief investment officer for Risen Investment Funds (RIF), a mutual fund organization. At a meeting with Homeland Builders (HB), a publicly traded company, Pasley learns that HB sales are much slower than expected. In fact, HB sales declined more than 20% in the last quarter, but this information has not yet been widely disseminated. Immediately after meeting with HB, Pasley purchases put options on HB stock. Subsequently, HB issues a press release with their most recent sales figures. Has Pasley most likely violated the CFA Institute Standards of Professional Conduct?
A. No, because the securities purchased were options
B. No, because the information was obtained directly from the company
C. Yes

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Christy Pasley, CFA, is the chief investment officer for Risen Investment Funds (RIF), a mutual fund...

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