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0. Alan Clay, candidate in the CFA Program, works for a large money manager. He recently applied for an analyst position at Rodham & Winston, an investment bank and was hired by them. Before leaving his current employer, he copies the firm‟s software that he developed, which he believes is his property. Clay feels that his software is one of a kind and will help him in his new job. Has Clay violated any Standard?
No, the software was developed exclusively by him.
Yes, with respect to loyalty.
Yes, because he failed to inform his new employer that the model was developed for his previous employer.
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