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Desmond, CFA, is the Chief Financial Officer of EduTech Company a leading semiconductor manufacturer. For the past few months, Desmond has led the EduTech team

Desmond, CFA, is the Chief Financial Officer of EduTech Company a leading semiconductor manufacturer. For the past few months, Desmond has led the EduTech team in talks to buy a majority stake in Fix Conductor, a smaller privately owned semiconductor company that has a patented technology that could potentially cut the chip manufacturing costs of EduTech by almost 40%. After intense negotiations, EduTech is able to close the deal with Fix Conductor late on Friday night. Desmond wants to share the good news with his wife, so he takes out the phone and types Finally! EduTech has acquired a majority stake in Fix Conductor. The deal is sealed! But instead of sending the message to his wife, he accidentally posts it on his personal Facebook page. The next morning (a Saturday), he wakes up and discovers the blunder. Did Desmond violate any part of the CFA Institute Code of Ethics or Standard of Professional Conduct? Justify your answer.

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