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Answer: trading software
## Explanation Georgia Viggen most likely violated the CFA Institute Code of Ethics and Standards of Professional Conduct concerning her actions involving the **trading software**. ### Key Points: 1. **Trading Software (Option C)**: - Viggen developed the trading software package while working at West Star Bank. - She brought this proprietary software to her new employer, North South Bank. - Under Standard IV(A) - Loyalty to Employer, employees must not take property of their employer, including intellectual property, without permission. - The software she developed while employed at West Star Bank likely belongs to West Star Bank, not to her personally, unless there was a specific agreement stating otherwise. 2. **Clients (Option A)**: - Viggen used public information to contact former clients. - This is generally permissible as long as she doesn't use confidential client information from her previous employer. - Standard IV(A) - Loyalty to Employer prohibits taking confidential client information, but using publicly available information to contact clients is typically allowed. 3. **Analyst (Option B)**: - Convincing a colleague to join her at a new employer is generally acceptable unless she uses confidential information or misrepresents the situation. - There's no indication she violated any specific standards regarding the analyst recruitment. ### Relevant Standards: - **Standard IV(A) - Loyalty to Employer**: Members and candidates must not take property of their employer, including intellectual property, without permission. - **Standard IV(B) - Additional Compensation Arrangements**: Not applicable here. - **Standard IV(C) - Responsibilities of Supervisors**: Not applicable here. ### Conclusion: The most clear violation is taking the trading software she developed at West Star Bank to her new employer without permission. This constitutes taking intellectual property belonging to her former employer, which violates Standard IV(A) - Loyalty to Employer.
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Thomas Turkman recently hired Georgia Viggen, CFA, as a portfolio manager for North South Bank. Although Viggen worked many years for a competitor, West Star Bank, the move was straightforward since she did not have an non-compete agreement with her previous employer. Once Viggen starts working for Turkman, the first thing she does is to bring a trading software package she developed and used at West Star to her new employer. Using public information, Viggen contacts all of her former clients to convince them to move with her to North South. Viggen also convinces one of the analysts she worked with at West Star to join her at her new employer. Viggen most likely violated the CFA Institute Code of Ethics and Standards of Professional Conduct concerning her actions involving:
A
clients.
B
the analyst.
C
trading software
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