Q4. Which of the following actions would be a violation of the Standard VII(A), Conduct as Members and Candidates in the CFA Program?

A)   Exaggerating the implications of holding the CFA designation.

B)   Failure to submit a Professional Conduct Statement and pay annual dues.

C)   Misrepresenting information on the Professional Conduct Statement.

Q5. For the past 5 years, Karen Beckworth, CFA, has served as a proctor for the CFA exam. Beckworth tells her assistant, a CFA Level III candidate, that she normally receives the examinations on the Thursday before the exam. Given the low pass rate at Level III, Beckworth asks her assistant if he would like an advance copy of the next exam. Beckworth’s assistant declines the offer.

Beckworth’s assistant has been very vocal about expressing his opinions about the low pass rate. The assistant claims, “there are too many charterholders and CFA Institute is deliberately failing candidates because the prestige of the CFA charter is becoming diluted.”

Which of the following statements concerning Beckworth’s and her assistant’s behavior is TRUE?

A)   Both Beckworth and her assistant are in violation of Standard VII(A).

B)   Beckworth is in violation of Standard VII(A), but her assistant is not in violation.

C)   Neither Beckworth nor her assistant is in violation of Standard VII(A).

Q6. All of the following are violations of Standard VII(A), Conduct as Members and Candidates in the CFA Program, EXCEPT:

A)   disregarding the rules related to the administration of the CFA examination.

B)   improperly using the CFA Designation to further professional goals.

C)   expressing opinions in disagreement with CFA Institute advocacy positions.

Q7. While on a business trip, John Hayes, CFA, found a notebook that had apparently been left in the waiting area of an airport. Hayes opened the notebook and read the title: Confidential: Level II CFA Examination. Before returning the notebook to CFA Institute, he made a copy and gave it to Linda Sacket, one of his firm's analysts, who was a candidate for Level II of the CFA examination. Hayes reasoned that CFA Institute would not use these questions and that Sacket would benefit from reviewing these questions. Sacket read the questions and guideline answers before taking the Level II examination. According to the CFA Institute Standards of Professional Conduct:

A)   both Hayes and Sacket violated the Standards.

B)   Hayes violated the Standards, but Sacket did not.

C)   Sacket violated the Standards, but Hayes did not.

答案和详解如下：

Q4. Which of the following actions would be a violation of the Standard VII(A), Conduct as Members and Candidates in the CFA Program?

A)   Exaggerating the implications of holding the CFA designation.

B)   Failure to submit a Professional Conduct Statement and pay annual dues.

C)   Misrepresenting information on the Professional Conduct Statement.

Correct answer is C)

Misrepresenting information on the Professional Conduct Statement is a direct violation of Standard VII(A), Conduct as Members and Candidates in the CFA Program. The other choices are violations of Standard VII(B), Reference to CFA Institute, the CFA Designation, and the CFA Program.

Q5. For the past 5 years, Karen Beckworth, CFA, has served as a proctor for the CFA exam. Beckworth tells her assistant, a CFA Level III candidate, that she normally receives the examinations on the Thursday before the exam. Given the low pass rate at Level III, Beckworth asks her assistant if he would like an advance copy of the next exam. Beckworth’s assistant declines the offer.

Beckworth’s assistant has been very vocal about expressing his opinions about the low pass rate. The assistant claims, “there are too many charterholders and CFA Institute is deliberately failing candidates because the prestige of the CFA charter is becoming diluted.”

Which of the following statements concerning Beckworth’s and her assistant’s behavior is TRUE?

A)   Both Beckworth and her assistant are in violation of Standard VII(A).

B)   Beckworth is in violation of Standard VII(A), but her assistant is not in violation.

C)   Neither Beckworth nor her assistant is in violation of Standard VII(A).

Correct answer is B)

Beckworth is in violation of Standard VII(A), Conduct as Members and Candidates in the CFA Program. Beckworth compromised the integrity of the exam by offering her assistant an advance copy. Beckworth’s assistant is allowed to express his opinion without violation of any Standards.

Q6. All of the following are violations of Standard VII(A), Conduct as Members and Candidates in the CFA Program, EXCEPT:

A)   disregarding the rules related to the administration of the CFA examination.

B)   improperly using the CFA Designation to further professional goals.

C)   expressing opinions in disagreement with CFA Institute advocacy positions.

Correct answer is C)

Members and Candidates are allowed to express their opinions about the CFA Institute and CFA Program without violation of any Standards. Both of the other choices are in direct violation of Standard VII(A).

Q7. While on a business trip, John Hayes, CFA, found a notebook that had apparently been left in the waiting area of an airport. Hayes opened the notebook and read the title: Confidential: Level II CFA Examination. Before returning the notebook to CFA Institute, he made a copy and gave it to Linda Sacket, one of his firm's analysts, who was a candidate for Level II of the CFA examination. Hayes reasoned that CFA Institute would not use these questions and that Sacket would benefit from reviewing these questions. Sacket read the questions and guideline answers before taking the Level II examination. According to the CFA Institute Standards of Professional Conduct:

A)   both Hayes and Sacket violated the Standards.

B)   Hayes violated the Standards, but Sacket did not.

C)   Sacket violated the Standards, but Hayes did not.

Correct answer is A)

Both violated Standard VII(A) because they committed an act that compromised the validity of the examinations leading to the award of the right to use the CFA designation.