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Basic Question 7 of 7
A CFA charterholder agreed in writing with his former employer not to solicit former clients for a period of one year after his termination. After he left his former employer, he consulted with a lawyer about whether the agreement was legally enforceable. The lawyer advised the charterholder that it was doubtful that the agreement could be enforced, so the charterholder sent a marketing brochure about his new firm to his former clients. According to the Standards, which of the following statements is most accurate with respect to the charterholder's conduct?
B. The Standards require the charterholder to comply with the agreement with his former employer.
C. Because the charterholder relied upon the opinion of legal counsel, he did not violate the Standards.
A. The Standards do not apply to the charterholder's conduct.
B. The Standards require the charterholder to comply with the agreement with his former employer.
C. Because the charterholder relied upon the opinion of legal counsel, he did not violate the Standards.
User Contributed Comments 1
| User | Comment |
|---|---|
| Ahmed1974 | Nice one here |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity
recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct
identify conduct that conforms to the Code and Standards and conduct that violates the Code and Standards
CFA® 2024 Level I Curriculum, Volume 6, Module 3.