1215

Which of the following activities will least likely constitute a violation of Standard IV(A), Loyalty?

A) Contacting your current clients and asking them to "come with you" when you resign from your current employer.

B) Conspiracy to bring about a mass resignation of other employees.

C) Consulting on your own time and obtaining written permission from your employer.

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Consulting on your own time and obtaining written permission from your employer does not constitute a violation of Standard IV(A).

1215

Bob Douglas, CFA, is considering leaving his current employer to compete in the same field. He did not sign a non-compete clause when he was hired. He may:

A) begin competing with his current employer as long as the employer has been informed of Douglas' future intentions.

B) plan and prepare to compete with his current employer, but not begin competing until his resignation is effective.

C) may not prepare to compete, begin competing, or anything related to competing with his current employer.

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Douglas may plan and prepare to compete with his current employer, but may not begin competing until his resignation is effective or he gets permission from his employer. Members must provide notification to their employer describing the types of services to be rendered, the expected duration, and compensation for the services.

1215

All of the following activities might constitute a violation of Standard IV(A), Loyalty to Employer, EXCEPT:

A) solicitation of the employer's clients following termination of employment.

B) misuse of confidential information.

C) solicitation of the employer's clients prior to termination of employment.

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Solicitation of the employer’s clients prior to termination of employment would constitute a violation of Loyalty to Employer, but solicitation of clients following termination would not.