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Lynne Jennings is a chemical industry research analyst for a large brokerage company. That industry is...

Lynne Jennings is a chemical industry research analyst for a large brokerage company. That industry is currently seeing an increase in mergers and acquisitions. While flying through Chicago, Jennings sees several senior officers who she knows are from the largest and fourth largest chemical companies walk into a conference room. She concludes that negotiations for an acquisition might be taking place. Jennings: A. should inform her compliance officer that she has material nonpublic information on firms she covers. B. may use this information to support an investment recommendation. C. may not act or cause others to act on this information.

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Answer #1

Ans B. may use this information to support an investment recommendation.

Company officer met is not a non-public information which is material. When the investment recommendation is made on independent research, it doesn't violate any standards.

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