A financial advisor discovers that a junior analyst in their team has inadvertently shared a client’s confidential information with a third party. According to the CFA Institute's Standards of Professional Conduct, what should the financial advisor do first?

A. Terminate the junior analyst’s employment immediately to prevent further breaches.. B. Inform the client about the breach and take steps to mitigate any potential damage.. C. Report the incident to their compliance department and follow the firm's protocols for handling such breaches.. D. Contact the third party and request them to delete or return the confidential information..

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Explanation

The advisor should follow internal procedures to address and resolve the breach, ensuring the firm can take appropriate action.

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A financial advisor discovers that a junior analyst in their team has inadvertently shared a client’s confidential information with a third party. According to the CFA Institute's Standards of Professional Conduct, what should the financial advisor do first?