Explanation:
Option A is a violation of the Standard relating to preservation of confidentiality.
Key points:
The Standard on confidentiality requires members to keep information about current, former, and prospective clients confidential unless:
Sharing details about former clients with third-party service providers without proper authorization or legal requirement violates this Standard.
Option B is NOT a violation. In fact, this demonstrates good practice by informing clients about appropriate communication channels for confidential information.
Option C is NOT a violation. When allowed by law, members may disclose confidential information to defend themselves in legal proceedings or investigations, including those by the CFA Institute Professional Conduct Program.
Conclusion: Only Option A represents a violation of the confidentiality Standard.
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Which of the following is a violation according to the Standard relating to preservation of confidentiality?
A
Members share details relating to former clients with third party service providers.
B
Members convey to clients that not all firm-sponsored resources may be appropriate for communicating confidential information.
C
When allowed under the law, members share confidential client information to defend themselves in an investigation by the CFA Institute Professional Conduct Program.