If an analyst suspects a client or a colleague of planning or engaging in ongoing illegal activities, which of the statements about the actions that the analyst should take is most correct? According to the CFA Institute Standards of Professional Conduct, the analyst should: A)
| disassociate from any illegal or unethical activity if the member has reasonable grounds to believe that the activity is illegal or unethical. |
| B)
| consult counsel to determine the legality of the activity and disassociate from any illegal or unethical activity if the member has reasonable grounds to believe that the activity is illegal or unethical. |
| C)
| consult counsel to determine the legality of the activity. |
|
According to the procedures for compliance involving Standard I(A), CFA Institute members should determine legality and disassociate from any illegal or unethical activity. |