12. Crandall Temasek, CFA, filed for personal bankruptcy two years ago after
incurring large medical expenses. He was hired recently as a portfolio manager.
According to the CFA Institute Standards, must Temasek disclose his bankruptcy
filing to his new employer?
A. No.
B. Yes, because he has a duty of loyalty to his employer.
C. Yes, because bankruptcy represents a potential conflict of interest.
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