Sue Parsons, CFA, works full-time as an investment advisor for the Malloy Group, an asset management firm. To help pay for her children’s college expenses, Parsons wants to engage in independent practice in which she would advise individual clients on their portfolios. She would conduct these investment activities only on weekends. Which of the following statements about Standard IV(A), Loyalty to Employer, is most accurate? Standard IV(A):
A) requires Parsons to obtain written consent from both Malloy and the persons from whom she undertakes independent practice.
B) does not require Parsons to notify Malloy of preparing to undertake independent practice under the current conditions.
C) requires Parsons to notify Malloy in writing about her intention to undertake an independent practice.