Jamie is asked by the research director to cover EG, a large consumer products manufacturer located in the U.K. She remembers that one of her graduate school classmates works as an analyst in London and gives him a call. It turns out that he has just written an extensive report on EG and has given the stock a strong buy rating. He offers to fax a copy to Jamie so that she may learn more about EG. After reviewing his conclusions and getting basic information on the company from the EG company website, she too concludes that the stock is a strong buy and writes a brief report including the model of her classmate. She decides it is not necessary to do any further research because her friend works for a large investment firm known for their thorough research. And, since the firm’s reports are widely disseminated and used, she believes she does not need to get permission to incorporate the model into her work. Which of AIMR’s Code and Standards have been violated?

Please discuss and elaborate.