Guidance on Fair Dealing in Professional Conduct

Medium Cfa Institute Code And Standards Duties - Fair Dealing

As an investment advisor at XYZ Financial Services, you are responsible for providing clients with investment recommendations. Recently, you received an email from a trusted friend who works at another financial firm, asking for insights on a particular fund that XYZ has recently recommended to clients.

Your friend is looking for a competitive advantage for her firm and is requesting details about the fund, including specific performance data and your insights into why you believe it is a good investment. What should you do in accordance with the CFA Institute Code of Ethics and Standards of Professional Conduct, specifically regarding the duty of fair dealing?

You can share the requested information with your friend, as long as you do not reveal any confidential client information.

You should decline to provide any information to your friend to maintain fair dealing principles.

You can provide a general overview of the fund's strategy without specifics, as this does not violate the duty of fair dealing.

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