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Hypothetical Ethics Question

Suppose you started working for a firm and while working for them, you discovered a particular independent Analyst to whom the firm has taken a great liking.  This Analyst sells his/her reports to the Public but you would not have know about him/her until you were working for this firm and doing research for one of their particular investment strategies.
Fast forward a while, your firm has taken off and based a great number of investment strategies around this Analyst’s reports.  Then you decide to call it quits.  You quit and leave everything including models and such you developed with the firm.  However, after leaving, you purchase this Analyst’s reports with your own money and start trading your own money according to his/her picks, strategies, commentaries, etc.
Has ANY violation occured?

Nope.
(If you think that there’s been a violation, what do you think it is, and why?)

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Absolutely no violation!
You still carry your knowledge you gained (in your memory) by working in an organisation previously - you cant leave those back and join a new organisation anyway Information/Client contacts etc are like that - dont make an effort to take them in a CD or HDD, but if you have them in your memory thats fine!

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