怎么违反nonpublic information了？

问题如下：

Alex Thompson, CFA, serving as Director of Growth at Global Asset Management (GAM), a prominent mutual fund company in the US, faces intense pressure to boost company earnings. To win a deal with a major hedge fund client in Asia, Thompson recently sanctioned special conditions in the client contract. The terms allow this hedge fund to conduct trades in GAM’s mutual funds six hours post the closure of the US markets, a practice forbidden by US regulations. Has Thompson breached any CFA Institute Standards of Professional Conduct?

选项：

A.No

B.Yes, pertaining to fair dealing

C.Yes, concerning both fair dealing and material nonpublic information

解释：

Option C is correct. The principle of fair and unbiased treatment of clients [Standard III(B)] is compromised here. The unique trading privileges granted to the hedge fund present an opportunity for misuse of material nonpublic information, violating Standard II(A). Additionally, this situation represents a conflict of interest [Standard VI(A)–Disclosure of Conflicts].