Ans will be B because there were 300 clients whose portfolio should be switched but he switched only 30 of his clients portfolio that is not a fair dealing because irrespective of large or small holding he should have treated equally
And he has not violated material non public because the manager has just said he is planning to go to san fransisco but he has not confirmed yet and some people need non public information because they have found that information from their research ..and it will not be violated untill it has materially impacted the share price
Please add if im missing anything
No, actually it is stated properly that he will be leaving the fund in the next 4 weeks i.e. he has decided.
The reason why it is not a public non-material info is – the fund Mernard is managing with 300 clients can contain around 30-50 stocks and since the time info has not played a material impact on the share price, it is not a material information. And also, these 30-50 stocks can not place a huge impact on the share price, right!
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Ans will be B because there were 300 clients whose portfolio should be switched but he switched only 30 of his clients portfolio that is not a fair dealing because irrespective of large or small holding he should have treated equally
And he has not violated material non public because the manager has just said he is planning to go to san fransisco but he has not confirmed yet and some people need non public information because they have found that information from their research ..and it will not be violated untill it has materially impacted the share price
Please add if im missing anything
No, actually it is stated properly that he will be leaving the fund in the next 4 weeks i.e. he has decided.
The reason why it is not a public non-material info is – the fund Mernard is managing with 300 clients can contain around 30-50 stocks and since the time info has not played a material impact on the share price, it is not a material information. And also, these 30-50 stocks can not place a huge impact on the share price, right!