My last week at my current employer (Big electronics corporation) is coming and thereafter I will work for a M&A boutique(Internship). I was inter alia involved in the preperation of an acquisition we are about to do and I know who the potential candidates are and basically every detail what is going on. My new employer is also aware, that i was involved in this preperation (CV). So my question is, what is if my new employer asks me for who the candidates are or anything else regarding this acquisition. Am I allowed by CFAI or law to provide this information I know (of course no material like presentations)? I think it won’t be a violation regarding the integrity of capital markets, as my new employer won’t invest on this non-public material information. I have no problem rejecting my new employer and not answering, but I just want to know if its legal or not. Anayway, as my boss already indicated that they might wanne go with my new company as advisor, I will ask him anyway, if I am allowed to tell anything (and what I am allowed to tell and what not). But still it would be good to know, what I would actually be allowed to tell.
If you have material non public information, you can’t trade on it or cause others to do so. Given your situation, I’d say that you can’t talk about it without risking some serious trouble. SEC would probably consider this a ‘no-no’ as well. I’d limit discussion, etc. to the information that your employer has already obtained and can obtain from similar efforts. When in doubt, ask your Compliance Officer. If your current employer won’t somehow invest on the information, then why would they want it?