Statement 1: Confidential information must be material and nonpublic.
Statement 2: Information resulting from, and relevant to, a firm’s business that is the subject of the special relationship is considered confidential.
Statement 3: Information that could reasonably be expected to impair the firm’s ability to render unbiased and objective advice must be kept confidential
which statement regarding confidentiality complies with the standards?
please explain why B is correct and others incorrect
Standard III(E) requires that members and candidates preserve the confidentiality of information communicated to them by their clients, prospective clients, and former clients. This standard is applicable when (1) the member or candidate receives information because of his or her special ability to conduct a portion of the client’s business or personal affairs and (2) the member or candidate receives information that arises from or is relevant to that portion of the client’s business that is the subject of the special or confidential relationship.