5566

hmm i get that CFA doesnt want you to report anything UNLESS it's illegal.

CFAI say...

" M & C must comply with applicable law...if applicable law requires m&c to maintain confidentiality, even if the information concerns illegal activities on the part of the client, m&c should not disclose such information" pg 67.2nd paragraph of 3E.

Can someone please clear this up?

Which is the more strict law in this case? In my understanding it would be CFAI since applicable law allows client to continue illegal activity therefore losing integrity of capital markets .