Donald Monk is an investment banker working on a secondary offering for

Dynamic Engineering. On a visit to Monk's office, Patricia Wright, Dynamic's CFO,

is given a tour of the office. During the tour, Monk and Wright openly discuss the

pending offering and its expected performance based on higher projected earnings

over the next three quarters. This information is overheard by several brokers as

the sellside offices are toured. The salesmen begin recommending the stock to

clients based on what they overheard. Did Monk or the salesmen violate the

Standards of Professional Conduct?

Monk Salesmen

A. Yes Yes

B. Yes No

C. No Yes

A) Row A

B) Row B

C) Row C