WHEN A CLIENT ASKS HER HOW SHE MAKES INVESTMENT DECISIONS, PETRA V...

6. When a client asks her how she makes investment decisions, Petra Vogler, CFA, tells the client she uses the mosaic theory. According to Vogler, the theory involves analyzing public and nonmaterial nonpublic information, including evaluating statements made to her by company insiders in one-on-one meetings discussing management’s new earnings projections not known to the public. She also gathers general industry information not known to the public from industry experts and other contacts. Vogler most likely violates the CFA Institute Standards of Professional Conduct because of her use of: A. Industry contact information. B. One-on-one meeting information. C. Non-material nonpublic information in her analysis.