Explanation:
According to the GARP Code of Conduct, FRM members must act ethically and respect their employer's intellectual property. Even if an employee is the sole developer of a model, the work produced during their employment using the employer's resources belongs to the employer. Taking proprietary models or intellectual property to a new employer without explicit permission is a violation of confidentiality and professional integrity.
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Q.86 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 2 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.