Reading 1: Code of Ethics and Standards of Professional Co

class, requested, telephone, members, appeal

Q4. Liu requested a Hearing Panel to appeal the Designated Officer’s proposed sanction. The Hearing Panel was convened by telephone and Hearing Panel members heard testimony from Liu and Yamasaki. Liu admitted that she had reviewed her notes, recognized her error and expressed remorse and a commitment to avoid violations of the Code and Standards in the future.

After deliberating in private, the Hearing Panel determined that Liu had violated the Code and Standards and upheld the Designated Officer’s proposed sanction. Subsequently, Liu requested a Review Panel, based on the premise that she was under extreme stress during the exam or she would never had attempted to cheat by reviewing her notes.

A Review Panel has the authority to issue all of the following decisions with respect to sanctions by Hearing Panels EXCEPT:

A) refer the matter back for further review.

B) reverse the Hearing Panel’s determination that a candidate or member violated the Code and Standards.

C) not impose a sanction.

Q5. Throughout the investigation and appeal processes, Liu was concerned that her friends and colleagues would learn that she was under investigation and might be expelled from the CFA Program.

Which of the following circumstances would permit the CFA Institute Professional Conduct Program to disclose information about a professional conduct investigation to external parties?

A) Criminal activity is uncovered.

B) The Designated Officer receives a call from a journalist about a case under investigation.

C) A complaining party wants to know what the Professional Conduct Program is doing to investigate his complaint.