John works as an engineer for a technological company, and Maria works as a salesexecutive for a competitor business. Maria reminded John that her professioncontains sensitive information, and she cautions him not to reveal anything he learnsfrom her work to anyone.While attending a conference, John overheard two executives from Maria's companydiscussing a new product launch. He chooses to buy a modest amount of Maria'scompany's shares, intending to profit from the predicted increase in the company'sstock price following the product launch. John double-checked his company'sregulations to ensure that there was no conflict of interest or limitation on thepurchase.However, as a result of unanticipated factors, the product introduction was delayed,and the stock price of Maria's company fell instead. Instead of the predicted profit,John's investment resulted in a loss.Question :Explain whether "Unacceptable" is correct or incorrect with respect to the relevantStandard. State the key points of the case that relate to the relevant Standard in yourown words.

For financial experts to preserve their credibility and reliability, the criterion of independence…

Answered: John works as an engineer for a…

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