| Description |
Pietro, president of Local Bank , has hired the bank’s market maker, Vogt, to
seek a merger partner. Local is currently listed on a stock exchange and has not
reported that it is seeking strategic alternatives. Vogt has discussed the possibility
of a merger with several firms , but they have all decided to wait until after the
next period’s financial data are available. The potential buyers believe the results
will be worse than the results of prior periods and will allow them to pay less for
Local Bank. Pietro wants to increase the likelihood of structuring a merger deal
quickly. Which of the following actions would most likely be a violation of the
Code and Standards? |