Confidentiality in Client Communications

Hard Cfa Institute Code And Standards Duties - Confidentiality

As a charterholder working in the asset management department of a large financial institution, you have been informally discussing a potential investment strategy with a client during a dinner meeting. The client expresses a high level of interest in this strategy and suggests that you share more detailed information regarding its formulation and the underlying research.

Given the situation, which approach would uphold your ethical obligation regarding confidentiality as per the CFA Institute Code of Ethics and Standards of Professional Conduct?

Share detailed research related to the investment strategy as it is intended for the client’s benefit.

Provide a summary of the investment strategy while omitting sensitive data, as the client has a right to know.

Decline to provide any specific details about the investment strategy and explain that you must maintain confidentiality.

Hint

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