QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS.

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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