Analyst conference call- material nonpublic information?
1.Is significant information about earnings guidance given out during analyst conference calls material “non-public” information.
If that is so, then aren’t CFA charterholders going to be at a distinct disadvantage in the marketplace, since all the other analysts are likely to trade based on the information they receive on the call, but the CFA charterholders can’t because of their Code of Ethics?
And, if it is considered material non-public information, why do the regulators allow it?
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