Final answer:
A firm or employee in possession of non-public information should keep it confidential, follow insider trading laws, and adhere to company policies.
Step-by-step explanation:
When in possession of non-public information, a firm or employee must act ethically and follow legal requirements. Some actions they can take include:
- Keeping the information confidential: Non-public information should not be shared with unauthorized individuals or used for personal gain.
- Following insider trading laws: Employees should avoid buying or selling stocks based on non-public information that could influence the stock's value.
- Adhering to company policies: Companies may have specific policies or guidelines in place for handling non-public information, and employees should follow them.