giants2010

Depends if Jack signed a non-compete agreement with bank A. This means that if Jack leaves bank A they cannot compete with them through another company (bank b) when they leave or are fired for a specific amount of time. If Jack has signed a non-compete agreement and subsequently works on the RFP he is in violation of the code and standards.

giants2010

I recall this is a question in the CFAI ethics text itself (although I do not recall the answer). Arguably Jack should recuse himself or not be assigned but I have low confidence in this answer. Although it is true Jack can construct models, prepare research, etc. from memory as his prior employer cannot deprive him of his skills notwithstanding a non-compete.

Can anyone verify the correct answer in the Ethics text?