Level 2 Mock Exam - Part 1  2008
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Code of Ethics and Standards of Professional Conduct and Guidance for Standards I-VH, CFAInshtute
2008 Modular Level II, Vol.  1, pp. 70-71, 73, Example 5.
Study Session l-2-a
demonstrate a thorough knowledge of the Code  of Ethics and Standards of Professional Conduct by applying the Code and Standards to speciflc situahons
Neither is an acceptable reason for solicihng clients while at Portree. The clients belong to Portree and Jun is not permitted to solicit their business unhl he leaves the firm. As indicated in the  Readings and Standards of Prachce Handbook, even though Jun does not receive monetary compensahon for his services, he may be considered an employee because as anintem he receives compensahon and benefits in the form ofwork experience and knowledge.