Confidentiality Duty Violation Scenario

Medium Cfa Institute Code And Standards Duties - Confidentiality

As a CFA charterholder, you are managing a client’s portfolio that contains sensitive financial information. During a networking event, you meet a potential client who expresses interest in your portfolio management services. In the conversation, you accidentally mention specific performance metrics and strategies employed in your client's portfolio, without explicitly naming the client.

Which of the following statements best describes your actions concerning the CFA Institute's Code of Ethics and Standards of Professional Conduct?

You have violated the duty of confidentiality, as revealing performance metrics and strategies of a client's portfolio without their consent is prohibited.

You have not violated the duty of confidentiality, as you did not disclose the client's name.

You have partially violated the duty of confidentiality, but the violation is mitigated since you did not disclose any personally identifiable information.

Hint

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