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Dan Jeffries is a portfolio manager who is being sued by one of his clients for inappropriate investment advice. The Professional Conduct Program of CFA Institute is investigating Jeffries for the same offense. Jeffries settles the lawsuit with the client while the Professional Conduct Program investigation is ongoing. When the Professional Conduct Program staff questions Jeffries about the problematic investment advice, Jeffries claims he cannot talk about it because doing so would violate the confidentiality of his client. Jeffries has:
A. not violated the Standards by executing the settlement agreement or by refusing to talk about the case with the Professional Conduct Program.
B. violated the Standards by executing the settlement agreement, but not by refusing to talk about the case with the Professional Conduct Program.
C. violated the Standards by refusing to talk about the case with the Professional Conduct Program, but not by executing the settlement agreement.
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