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Question:
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Bart Wiley,CFA,agreed in writing with his former employer not to solicit former clients for a period of one year after his termination. After he left his former employer, he consulted with a lawyer about whether the agreement was legally enforceable. The lawyer advised Wiley that it was doubtful that the agreement could be enforced, so Wiley sent a marketing brochure about his new firm to his former clients. According to the Standards of Practice Handbook, which of the following statements is most accurate with respect to Wiley‘s conduct?, J; B' P+ c6 i! ~
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A. The Standards do not apply to Wiley’s conduct." L: g3 A% v P/ {1 s: H V
+ a' D* U, ~1 Q( `" D U/ SB. The Standards require Wiley to comply with the agreement with his former employer.8 r' B2 R& k7 q8 x) ^0 ]1 i0 |; c* y
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C. Because Wiley relied upon the opinion of legal counsel, he did not violate the Standards.
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