Ethics - preservation of confidentiality council, activity, department, understand, him

metoyoushe

Can anyone please confirm what I understand.

If a member comes to know that a client is doing illegal activity
He should

go compliance department to see if the activity is illegal

THEN

Go to supervisor and tell him

THEN

Both can go to outside / legal council

at no point there is a need to go to GENERAL council

studyn

CFAI reading does not refer to any specific order, just saying "when in doubt,... should consult with their employer's compliance personnel or outside counsel"

marsilni

but in one of the question -it does say that going to general council is wrong - what is general council?

suyash1989

Probably your friends and family

burnsy562000

If in doubt whether the activity is illegal, seek legal counsel for advice.

If activity is indeed illegal, tell supervisor and disassociate.

FVPV

I think of it as this way, if you actvity is illegal,

1) consult the COMPLIANCE dept

2) if illegal or no response..report it to supervisor....

3) if no response...dissociate from the work unless something is done

4) if no response....Resign

Not sure where thew legal counsel comes from!!