Ethics (Standard on Duties to Employers)

CFA Level I Ethics
#1

Hey all

Please help me out with this Ethics question!!!

Suppose an employee of a firm leaves it and joins another competing firm. The employee contacts his previous clients by calling them. He had the contact details of these clients in his brain (memory). These details are neither public information nor available with the new firm that he joins. He also did not copy the contact details of the clients from the database of his previous employer. He just uses his memory to contact this client.

Is he violating the Code and Standards of CFA Institute?

Thanks in advance!!!

#2

No. (As long as he did not sign a non-compete clause)

#3

Or if he did sign a non-compete agreement, he did so under duress.