Boyle has non-public information about firm that is target of takeover. Tells her father (who is CFA) to trade the stock. Has father violated standards? I think no. Answer says yes, because not reasonable basis. I would think that if client asked for trade, then reasonable basis not violated.
he didnt trade it for her, it was his other clients accounts. Also, if he knowingly acted on MNP info then he violated that as well
It was for Boyle’s “children’s education fund”. He did not know it was MNP. Apparently the information Boyle had wasn’t MNP enough (later question) and was ok under the Mosaic Theory. J