Question 1 of 30
Anya Volkov, a portfolio manager at Stellar Investments, receives confidential information about a large block trade that Stellar plans to execute for one of its major institutional clients. Anya recognizes that if she were to personally trade on this information before the block trade is executed, she could potentially realize a significant profit. However, she also understands that such action could be construed as front-running, a violation of her fiduciary duty and regulatory guidelines. Anya is acutely aware of the potential conflicts of interest and the need to uphold the highest ethical standards. Considering her responsibilities under NI 31-103 and her firm\'s code of ethics, which of the following actions would *best* demonstrate Anya\'s commitment to ethical conduct and compliance with regulatory requirements in this specific situation, ensuring the protection of her clients\' interests and maintaining market integrity?
Disclose the planned block trade to Stellar Investments' compliance department for review and approval *before* taking any personal trading action.
Refrain from trading in the specific security altogether until the block trade for the institutional client has been fully executed.
Wait until the block trade has been executed for the institutional client, and *then* disclose her prior knowledge of the trade to the compliance department.
Disclose the planned block trade only to a select group of her most trusted clients, allowing them to benefit from the information before it becomes public knowledge.

Preparing for ISO 27001:2022 – Information Security Management System Lead Auditor? Now land the interview.

73% of qualified candidates get rejected because of weak resumes. Build an ATS-optimized, recruiter-ready resume in under 5 minutes - free to start.

Build My Resume Free