You are a loan officer in a bank and a client is trying to get funding for some apartments they have been looking at building. During the process, the client has also managed to discover that the land has been rezoned for both commercial and residential use which increases its value, but also the cost. This means the client is unable to secure the loan they need.
Although the information is confidential, you have personally been looking for an opportunity and can’t help thinking about these apartments.
You can get funding approved, but as the loan officer, is it OK for you to purchase knowing this information?
What would you do?
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