- CFA Exams
- CFA Level I Exam
- Topic 10. Ethical and Professional Standards
- Learning Module 3. Guidance for Standards I-VII
- Subject 11. Standard III (E) Preservation of Confidentiality
CFA Practice Question
A confidential relationship exists if ______
II. all special corporate relationships are disclosed to the client.
I. a relationship of trust exists between the client and the analyst.
II. all special corporate relationships are disclosed to the client.
Correct Answer: I
User Contributed Comments 5
| User | Comment |
|---|---|
| vincenthuang | II "all" is too strong. |
| mtcfa | I think II is actually incorrect because it deals more with conflicts of interests, a different standard entirely. |
| surob | Agreed with mtcfa. |
| dblueroom | doesn't require all corporate relationship to be disclosed, because some special corporate relationships might be completely relavent to the client. |
| marianne1 | corporate relationsship doens't need to me disclosed - see dblueroon |