Black, CFA, has been contacted by the CFA Institute Professional Conduct Program (PCP) regarding allegations that he has taken investment actions that were unsuitable for his clients. Black is questioned by PCP concerning the identity of his clients he

Black, CFA, has been contacted by the CFA Institute Professional Conduct Program (PCP) regarding allegations that he has taken investment actions that were unsuitable for his clients. Black is questioned by PCP concerning the identity of his clients he considered suitable for investing in a very risky start-up company that eventually went bankrupt. A) not violate the Code and Standards by revealing the names, financial condition and B) not violate the Code and Standards only if he reveals the financial condition and investment objectives of his clients to PCP. investment objectives of his clients on an anonymous basis and does not reveal the names of his clients to PCP. C) violate the Code and Standards by fully cooperating with a PCP investigation if it means revealing confidential information.