Answer: Yes, the Standard relating to knowledge of the law

## Explanation Jessica Jayson has most likely violated the **Standard relating to knowledge of the law**. ### Key Points: 1. **CFA Institute Standards vs. Local Law**: The CFA Institute Standards of Professional Conduct require members to maintain confidentiality of client information, regardless of local laws. Standard III(E) - Duties to Clients: Loyalty, Prudence, and Care requires members to preserve the confidentiality of information communicated by the client within the context of the client relationship. 2. **Former vs. Current Clients**: The firm's policy of only keeping current client information confidential is insufficient. The CFA Institute Standards require maintaining confidentiality of **both current and former clients'** information unless: - The information concerns illegal activities - Disclosure is required by law - The client gives permission 3. **Knowledge of the Law (Standard I(A))**: This Standard requires members to understand and comply with all applicable laws, rules, and regulations, including the CFA Institute Code and Standards. Even if local law doesn't require confidentiality, Jayson must comply with the higher standard set by the CFA Institute. 4. **The Violation**: By sharing a former client's email address without permission, Jayson violated: - **Standard I(A) - Knowledge of the Law**: For not complying with the CFA Institute's confidentiality requirements - **Standard III(E) - Duties to Clients**: For breaching client confidentiality 5. **Why not Fair Dealing (Standard III(B))**: Fair dealing relates to treating all clients fairly when making investment recommendations and taking investment action. This situation involves confidentiality, not fair treatment in investment decisions. ### Conclusion: Jayson should have maintained the confidentiality of her former client's information regardless of local law or firm policy, as the CFA Institute Standards impose stricter requirements. The most direct violation is of Standard I(A) - Knowledge of the Law, as she failed to recognize that she must follow the higher standard set by the CFA Institute.

Author: LeetQuiz .