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Answer: Both Hadid and Jackson
**Explanation:** According to **Standard II(A) - Material Nonpublic Information**, members and candidates who possess material nonpublic information that could influence an investment's value must refrain from acting or inducing others to act on such information. In this scenario: 1. **Hadid** violated the standard by disclosing her analysis of SML to Jackson, thereby providing him with material nonpublic information. 2. **Jackson** violated the standard by acting on this information to purchase call options on SML. Thus, both individuals are in breach of **Standard II(A)**. The correct answer is **C**.
Author: LeetQuiz Editorial Team
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Iris Hadid, CFA, is an investment banking analyst who develops a financial model to evaluate Ski Mountain Lodge (SML). Her colleague, Peter Jackson, CFA, works at a separate advisory firm. Hadid shares her analysis details with Jackson to obtain feedback on her SML valuation. Subsequently, Jackson purchases call options on SML. Which individual(s) breached the CFA Institute Standards?
A
Hadid exclusively
B
Jackson exclusively
C
Both Hadid and Jackson