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Melinda Jacobs, CFA, a portfolio manager at SFM Asset Managers (SFM), teaches an investment course at a business school on weekends for a fee. She is planning to leave SFM and has begun developing marketing materials for a new business that will compete with SFM. Has Jacobs most likely violated the CFA Institute Standards of Professional Conduct?
A
No, as her teaching activity does not conflict with her role at SFM, and her preparations for a competing business do not breach her duty of loyalty.
B
Yes, by accepting a fee from the business school, which could create a conflict of interest.
C
Yes, by developing marketing materials for her new business that will compete with SFM, breaching her duty of loyalty.