During an onsite company visit, Marsha Ward, CFA, accidentally overheard the Chief Executive Officer (CEO) of Stargazer, Inc. discussing the company’s pending offer to purchase Dynamica Enterprises, a retailer of Stargazer products. According to the Standards of Practice Handbook, Ward may not use the information to take investment action because:()
A. the information relates to an offer.
B. she does not have a reasonably and adequate basis for taking investment action.
C. acting on the information would breach a duty to both Stargazer and Dynamica.
