CFA Level I Guidance for Standards I–VII question

Guidance for Standards I–VII sample question

Choose an answer before revealing the explanation, key takeaway, and answer-choice review.

Ethical and Professional Standards

Guidance for Standards I–VII

While still employed as a senior analyst at Merrow Capital, Farid Qasemi prepares to found his own advisory firm. On weekends and using personal funds, he incorporates the new company, signs an office lease, and passes a regulatory licensing examination. He also emails three Merrow clients from his personal account, describing the coming firm and inviting them to move their assets to it when it opens. Under Standard IV(A) Loyalty, which of Qasemi's actions most likely violates the Standard?