IntroductionHuda, a CFA charter holder, is a portfolio manager at a reputable investment firm. She faces several ethical challenges in her role, testing her commitment to the CFA Institute Code of Ethics and Standards of Professional Conduct. This case study explores the dilemmas she encounters and the decisions she makes in alignment with the CFA Code and Standards. Huda manages a portfolio for high$-$net$-$worth clients and has been under pressure to deliver strong returns. She faces three distinct ethical dilemmas:Discussion and AnalysisDilemma $1$: Conflicts of InterestHuda is offered tickets to an exclusive industry conference by a broker who handles a significant portion of her trades. The broker hints that more favorable trading terms may follow if she accepts the invitation.Dilemma $2$: Material Nonpublic InformationHuda learns from a friend, who is an executive at a company in her portfolio, that the company will soon announce a major product recall. Acting on this information could lead to significant gains for her clients.Dilemma $3$: Communication with ClientsFacing a market downturn, Huda is concerned about maintaining client confidence. She contemplates selectively disclosing positive news about certain holdings to reassure clients, even though not all positions are performing well.Explain and illustrate in detail the ethical and responsibility considerations for the Huda by relating your answers to the CFA Code of Ethics and Standards of Professional Conduct.