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Ethics & accountability · Ethical pushback

You sit on the private side of the wall and a colleague on the trading desk casually asks you what you know about a deal you're advising on. Refusing openly would be awkward with someone senior. How do you respond?

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The wall is a bright line — material non-public information doesn't cross it, and no seniority or awkwardness changes that.

The full answer: structure, worked example, likely follow-up.

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