P421 ETHICS PROBLEM The SEC is trying to get companies to notify the investment community more quickly

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P4–21 ETHICS PROBLEM The SEC is trying to get companies to notify the investment community more quickly when a “material change” will affect their forthcoming financial results. In what sense might a financial manager be seen as “more ethical”

if he or she follows this directive and issues a press release indicating that sales will not be as high as previously anticipated?

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Akshay Agarwal

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