Reading Reading 2-VII: Standards of Professional Conduct & G

style, white, black, employee

Q1. A CFA charterholder coaches a fellow employee as that colleague studies for the CFA exams. The charterholder tells the colleague all that she remembers from her exams and how they were constructed. This is:

A) not a violation of the standards.

B) a violation of Standard I(D) concerning professional misconduct.

C) a violation of Standard VII(B) concerning use of the designation.

Q2. Lindsay Gordon is a CFA Level II candidate living in San Francisco. Gordon’s best friend, Steve Haney, also a Level II candidate, is living in Munich. Because of the time difference between Munich and San Francisco, Gordon suggests that Haney call Gordon during the Munich exam lunch break to discuss the morning exam. Haney makes the call on exam day.

Which of the following statements regarding Gordon and Haney is TRUE?

A) Both Gordon and Haney are in violation of Standard VII(A).

B) Gordon is in violation of Standard VII(A), but Haney is not in violation.

C) Neither Gordon nor Haney is in violation of Standard VII(A).

Q3. Ron Vasquez is registered to sit for the CFA Level II exam. Unfortunately, Vasquez has failed the exam the past two years. In his frustration, Vasquez posted the following comment on a popular internet bulletin board: “I believe that CFA Institute is intentionally limiting the number of charterholders in order to increase its cash flow by continuing to fail candidates. Just look at the pass rates.”

Which of the following statements regarding Vasquez’s conduct is TRUE? Vasquez is:

A) in violation of Standard VII(A), Conduct as Members and Candidates in the CFA Program, but not in violation of Standard I(D), Misconduct.

B) not in violation of Standard I(D), Misconduct or Standard VII(A), Conduct as Members and Candidates in the CFA Program.

C) in violation of both Standard I(D), Misconduct and Standard VII(A), Conduct as Members and Candidates in the CFA Program.