Question
Matt Hanning, CFA, is writing a research report on a firm. Hanning's supervisor, Robert Jannsen, sees a draft which includes favorable earnings projections. A few
Matt Hanning, CFA, is writing a research report on a firm. Hanning's supervisor, Robert Jannsen, sees a draft which includes favorable earnings projections. A few days later, Hanning obtains additional data that causes him to revise the projections downward. Right before public distribution of this report, Hanning learns that Jannsen has substituted the earlier, more favorable earnings projections into the report without Hanning's knowledge. Hanning should most appropriately:
1.consult with internal counsel and insist that this matter be reported to the regulators
2.insist that either the report be corrected, or his name be removed from the report.
3.permit publication of this report, but issue a follow-up report correcting the earnings projections.
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