Explanation:
Suzy Lee has violated GARP's Code of conduct related to confidentiality. The Code of confidentiality requires the member to take all reasonable precautionary measures to prevent intentional and unintentional disclosure of confidential information.
Option A is incorrect because the models were built using the former employer's resources, so the models are the property of its former employer.
Option C is incorrect because Suzy must take her former employer's consent before taking these models with her.
Option D is incorrect because the Codes of conduct do not restrain members from leaving their firm for a competing firm.
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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.
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