Question #48 - Reading 42.3 Standards of Professional Conduct Guidance for Standards III

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: 20

Status: Correct

Correct Answer: B

Question

A CFA charterholder may disclose confidential information about a client when:

Answer Choices:

A. the information is nonmaterial

B. the CFA Institute Professional Conduct Program requests it

C. it is a necessary step in proceeding with research on client preferences

Explanation

According to Standard III(E) Preservation of Confidentiality, members and candidates must preserve the confidentiality of client information received in the process of performing services for them, except when related to an illegal action or when requested by the CFA Institute Professional Conduct Program. (Module 42.6, LOS 42: III(E))

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