Ethics & Professional Standards: Code of Standards
Confidential information of clients must be protected by CFA members in most all cases.
Exceptions:
Anytime you are cooperating with the CFA Institute's Professional Conduct Program, or the SEC it is acceptable to share this information. It is also acceptable, and actually required to divulge information, without being asked, if you think a client is engaging in illegal activities.
One of the tricky exam question may ask about divulging information in relation to lawsuits: It is not a violation to cooperate with criminal lawsuits; It is a violation to cooperate in civil lawsuits.
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