schweser pratcice V1 third afternoon exam Q3

CFA Level III
#1

Scweser practice V1 p175 Q3, why discussing identification of clients is prohibite and their holding can be discussed, I think the holding is more important than the name of client and it is real confidential, anyone can clarify?

thanks

#2

“someone in our firm holds about 20 million dollars in equity.”

“Linping85 in our firm holds about 20 million dollars in equity, has about 10 million in cash under his pillow.”

you tell me which is more serious.

#3

thanks .

but the question says identification only, so only the name (not including the holding ) is prohibted, i think disclose client name without mentioning the holding is not serious