Edo Ronde, CFA, an analyst for a hedge fund, One World Investments, is attending a key industryconference for the microelectronics industry. At lunch in a restaurant adjacent to the conference venue, Ronde sits next to a table of conference attendees and is able to read their nametags. Ronderealizes the group includes the president of a publicly traded company in the microelectronics industry, Fulda Manufacturing, a company Ronde follows. Ronde overhears the president complainabout a production delay problem Fulda's factories are experiencing. The president mentions thatthe delay will reduce Fulda's earnings by more than 20% during the next year if not solved. Ronderelays this information to the portfolio manager he reports to at One World explaining that in a recent research report he recommended Fulda as a buy. The manager asks Ronde to write up a negativereport on Fulda so the fund can sell the stock. According to the CFA Institute Standards of Professional Conduct, Ronde should least likely:

A.Request the portfolio manager not act on the information.

B.Leave his research report as it is.

C.Revise his research report.