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AFP CTP Exam - Topic 5 Question 26 Discussion

A treasury employee of Company XYZ is privy to financial reporting information yet to be released to the public. He knows that year-end earnings exceed last year's and would be viewed as positive to the investment community. He casually mentions to a relative that now would be a good time to buy the stock of Company XYZ. Which section of the treasury code of ethics would typically be violated by such a disclosure?
D) Confidential information
A) Employee conduct
B) External activities
C) Conflict of interest

AFP CTP Exam - Topic 5 Question 26 Discussion

Actual exam question for AFP's CTP exam
Question #: 26
Topic #: 5
[All CTP Questions]

A treasury employee of Company XYZ is privy to financial reporting information yet to be released to the public. He knows that year-end earnings exceed last year's and would be viewed as positive to the investment community. He casually mentions to a relative that now would be a good time to buy the stock of Company XYZ. Which section of the treasury code of ethics would typically be violated by such a disclosure?

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Suggested Answer: D

by Hildred at Jun 28, 2026, 10:50 PM

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Juan
3 days ago
I feel it violates trust. Confidentiality is key.
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Buddy
8 days ago
Agreed, sharing non-public info is a big no.
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Arlene
14 days ago
This is definitely about confidential information.
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Kip
19 days ago
Not sure it's a big deal. People talk about stocks all the time.
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Lindsay
24 days ago
Totally agree with D. That info should stay under wraps!
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Nicolette
29 days ago
Surprised he would even mention it! Isn't that risky?
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Afton
1 month ago
I think it's more about A) Employee conduct. He shouldn't be sharing that info.
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Mabelle
1 month ago
Definitely D) Confidential information. That's a clear violation.
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Bobbie
1 month ago
I thought we discussed that any disclosure of non-public info falls under confidential information, so that seems like the right choice to me.
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Shanice
2 months ago
I feel like this situation definitely violates something about external activities, but it could also tie into conflict of interest.
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Shad
2 months ago
I'm not entirely sure, but I remember a practice question about insider trading that mentioned employee conduct. Could that be relevant here?
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Carman
2 months ago
I think this might relate to the section on confidential information, since he shared non-public financial details with a relative.
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