Facts:According to the SEC investigation, in 2015, Adam and Mary were roommates.They had known each other since childhood.Adam is a vegan and a spokesperson for an animalrights group.Mary is an MBA graduate from Stanford and an analyst for a prominent Wall Street brokerage house.Adam often engages in heated debates with Mary about her choice of employment, suggesting she is engaged in immoral activity.Adam, deeply concerned about Mary's choices in her life, once bought her a copy ofThe Sixth Extinction: An Unnatural History, a book about the future of the world.She gave the book to her personal assistant.

Mary's employer planned to publicly announce its negative earnings forecast for MeadowLife Vitamins, an herbal vitamin and remedy company on a Tuesday.Mary casually mentioned to Adam on the preceding Sunday that it was time to sell that vitamin stock he held before it "tanked" big time.Unbeknownst to Mary, Adam was a member of the board of directors of MeadowLife.As a result of her warning, Adam was able to warn his fellow board of directors on the Monday before the negative earnings forecast and they sold their shares at a profit before the stock took a significant loss.The board did not tell anyone else in the company and many employees lost significant value in their 401(k) accounts as a result.Adam took his profits and invested in a high yield mutual bond fund earning a significant return.

QUESTION:

Did Adam have any "duties" to his company and, if so, what were they?Statutory, ethical or something else?Be specific.