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Ethical and Professional Standards
Ethical and Professional Standards
Medium
Ramon, CFA, manages portfolios for individual clients. He discovers that one of his clients is laundering money through their investment account. Under Standard III(E) Preservation of Confidentiality, Ramon should most likely:
A
Report the activity to relevant authorities because illegal activity overrides confidentiality
B
Maintain confidentiality because the CFA Standards require it in all circumstances
C
Confront the client privately and give them a chance to stop before reporting
D
Resign from managing the account to avoid involvement without reporting
Select an answer to continue
Tags
#standard-iii
#confidentiality
#illegal-activity
#money-laundering
#exceptions
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CFA Level I — Ethical and Professional Standards Practice Question | AcadiFi | AcadiFi