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May you disclose her plans to government authorities

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Question - Your tax advisory client is an active securities trader. She just told you she intends to spread a rumor that a Middle Eastern sheik is planning to buy a controlling interest in Technotrilogy stock. Your client believes that if she spreads this false rumor, the stock price will increase and she will "make a fortune."

What is the basic ethical issue?

May you disclose her plans to government authorities?

May you disclose her plans to news reporters?

If a court issues a subpoena for you to testify about this conversation, may you refuse to testify based on the duty of confidentiality?

Reference no: EM133141439

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