Question #12

Reading: Reading 42.6 Standards of Professional Conduct Guidance for Standards VI

PDF File: Reading 42.6 Standards of Professional Conduct Guidance for Standards VI.pdf

Page: 6

Status: Unattempted

Part of Context Group: Q11-12
Shared Context
- What is the obligation, if any, to disclose Wadel's arrangement with Black? A) Wadel must disclose the arrangement to Platt but is not required to disclose the arrangement to his other clients. B) Wadel need not disclose anything to his clients or to Platt because he is violating no fiduciary duty. C) Wadel must disclose the arrangements to his clients and to Platt only if he believes it will create a conflict with his responsibilities to other clients.
Question
Platt is renouncing her U.S. citizenship and becoming a citizen of Xania. According to the Standards, if Platt renounces her U.S. citizenship, she may then:
Answer Choices:
A. use material inside information when trading in Xania only if the information does not relate to a tender offer
B. not use material inside information when trading in Xania
C. not use material inside information unless trading Xanian stocks exclusively
No explanation available for this question.
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