Explanation:
According to the GARP Code of Conduct, a GARP Member must not make use of confidential information for personal or professional purposes without prior consent. The risk models she built during her employment at Quality Consultation are considered the intellectual property of the firm, not her personal property, even if she was their sole developer. Taking them to a new employer is a clear violation of professional conduct and property confidentiality.
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Q.62 Suzy Lee, FRM, a risk analyst, has recently left Quality Consultation firm to join its competitor, Horizon Consultants. Lee was respected at Quality Consultation for her superior knowledge of quantitative analysis and for building dynamic risk models. Since Lee was solely responsible for building these risk models, she took all of her models to her new employer. Suzy Lee's action:
A
Is not a violation because she is the sole developer of the risk models.
B
Is a violation because these risks models are the confidential property of her former employer.
C
Is not a violation because she has already left the firm and is not answerable to her former employer.
D
Is a violation as she has left Quality Consultation to join its competitor.