Reading 1- LOS a-Q6 activities, earned, member, style, black

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Steve Jones is a member of CFA Institute but has not earned the CFA designation yet. CFA Institute is investigating Jones’ activities. If Jones declines to cooperate, he:

A) is within his right only because he does not have the CFA designation yet.

B) could be summarily suspended from membership.

C) is within his right only because it could be self incriminating.

D) is within his right either because it could be self incriminating or because he does not have the CFA designation yet.

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The correct answer was B

Refusing to cooperate with a CFA Institute investigation of a member’s behavior could lead to suspension of membership. If the member has earned the right to use the CFA designation, the punishment could be suspension of use of the designation