CFA Practice Question

CFA Practice Question

Alex White develops a software algorithm for his employer DDF Associates. After two years White leaves DDF's employment to begin new job. Before leaving Alex copies the software algorithm he had developed, and later uses it in his new job. White has also gained considerable expertise in DDF's Value Focused Active Alpha stock picking strategy (though he does not describe the strategy to clients by this name). He applies that strategy at his new job. White has violated the Standards for loyalty to employers by:
A. copying the software algorithm and by applying the Value Focused Active Alpha in his new job.
B. copying the software algorithm.
C. applying the Value Focused Active Alpha in his new job.
Explanation: It is okay in a job to use expertise gained in the previous job. However, taking copies of software, records, etc. from one job to the next is a violation.

User Contributed Comments 1

User Comment
Mikehuynh This question is about Loyalty to employers. Employees are not allowed to take any documents, client lists, etc from their previous employers while leaving. Expertise or experience is ok.
I think most employers even want to brainwash those employees intending to leave.haha
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