15. While waiting in the business class lounge before boarding an airplane, Becca Msafari, CFA, an equity analyst, overhears a conversation by a group of senior managers, including members of the
board, from a large publicly listed bank. The managers discuss staff changes necessary to
accommodate their regional expansion plans. Msafari hears several staff names mentioned. Under
what circumstances could Msafari most likely use this information when making an investment
recommendation to her clients? She can use the information:
A. if she does not breach the confidentiality of the names of the staff.
B. if the discussed changes are unlikely to affect investor perception of the bank.
C. under no circumstances.
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