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Attached Jim Roberts, CFA, is the Chief Financial Officer of TrueTech Corporation, a leading semicon- ductor manufacturer in the United States. For the past few

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Jim Roberts, CFA, is the Chief Financial Officer of TrueTech Corporation, a leading semicon- ductor manufacturer in the United States. For the past few months, Roberts has led the TrueTech team in talks to buy a majority stake in Veridy Corporation, a smaller, privately owned semicon- ductor company that has a patented technology that could potentially cut the chip manufacturing costs of TrueTech by almost 40%. After intense negotiations, True Tech closes the deal with Veridy on Friday evening. Roberts wants to share the good news with his wife, so he takes out his phone and types "Fi- nally! TrueTech has acquired a majority stake in Veridy. The deal is sealed! But instead of sending the message to his wife, he accidentally posts it on his personal Facebook page, which he uses infrequently. Late the next morning (a Saturday), he discovers the blunder. Did Roberts violate any part of the CFA Institute Code of Ethics or Standards of Professional Conduct? A. No, this was an honest mistake. B. Yes, but Roberts does not need to do anything to rectify the matter because the posting was unintentional. c. Yes, Roberts should immediately disclose his actions to TrueTech and Veridy. D. Yes, Roberts should post the merger information on the company website and make a public announcement about the transaction

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