Question #26
Reading: Reading 42.3 Standards of Professional Conduct Guidance for Standards III
PDF File: Reading 42.3 Standards of Professional Conduct Guidance for Standards III.pdf
Page: 10
Status: Incorrect
Correct Answer: A
Your Answer: C
Question
Greg Stiles, CFA, may withhold from CFA Institute information about a client acquired in the regular performance of his duties:
Answer Choices:
A. for neither of the reasons listed
B. only if Stiles is a relative of the client
C. only if Stiles has a special confidentiality agreement with the client
Explanation
According to Standard III(E), Preservation of Confidentiality, Stiles may not withhold
information under any of the listed reasons. The reason is that CFA Institute will keep the
information confidential.
(Module 42.6, LOS 42: III(E))