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CFA Level I · CFA Level I Exam · Guidance for Standard IV: Duties to Employers

A member is hired part-time by an investment firm and wants to also serve other firms that may compete with it. According to the guidance on Standard IV(B), the member should most appropriately:

The member should negotiate with the employer, during the hiring process, the parameters on providing services to other possibly competitive employers. The guidance on Standard IV(B) calls for this up-front agreement, and part-time status does not grant automatic freedom to compete.

  1. Anegotiate the parameters for providing services to other employers with the firm during hiringCorrect
  2. Bwait until a competing employer offers work and then decide
  3. Cwork for other firms freely because he is part-time

Explanation

The guidance says that for part-time or contract arrangements, members should address and negotiate with their employer, during contracting and hiring, the parameters around services to other employers that may be competitive. Part-time status gives no automatic freedom.

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