An unpaid intern at an investment firm has the task of photocopying unannounced investment recommendations after all regular employees have left for the day. With respect to Standard Ⅵ(B), Priority of Transactions, the firm( )。
Among other things, Standard Ⅵ(B) covers how the firm keeps unannounced information confidential. At a minimum, the intern should be supervised by someone familiar with the Code and Standards. The firm needs to have adequate procedures for preventing the dissemination of information before it is released to the publiC.One method of doing so is to limit the number of access persons privy to confidential information. An intern should not be an access person.