Responsibilities to Employers: Protecting Proprietary Information

Very Easy Professional Standards Application Responsibilities To Employers

As a financial analyst, you are tasked with developing investment strategies for a diverse set of clients. You are approached by a former colleague who now works at a competing firm. He asks if you could share some insights about the proprietary strategies your current employer uses. According to the CFA Institute's Code of Ethics and Standards of Professional Conduct, what is your best course of action?

Share the proprietary strategies with your former colleague, as they might help build a solid partnership.

Politely decline to share any proprietary information, as it is your responsibility to protect your employer's confidential data.

Consult with your supervisor to determine if sharing the information would be acceptable.

Hint

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