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Reading 1- LOS a-Q5

Which of the following is least accurate regarding reasons for imposing a summary suspension upon covered persons?

A)

Failure to return the annual professional conduct statement.

B)

Misdemeanor charge for the possession of illegal narcotic substances.

C)

Disbarment under securities laws.

D)

Failure to cooperate with a CFA Institute investigation.

The correct answer was B

A single misdemeanor conviction for possession of illegal narcotics is not grounds for a summary suspension.

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