Reading 1:Code of Ethics and Standards of Professional Condu

following, hearing, without, white, style

Q1. A CFA charterholder may NOT be suspended without a hearing for which of the following reasons?

A) Being convicted of murder.

B) Failing to respond in writing to charges filed by his/her immediate supervisor.

C) Failing to complete the annual professional conduct questionnaire two years in a row.

Q2. A broker and CFA charterholder has been arrested for the crime of murder. Which, if any, of the following could result in the member being summarily suspended from using the CFA designation?

A) Both of the results listed here.

B) Either being convicted or pleading guilty to the crime.

C) He is acquitted of the crime, but he is barred from continuing to work in the investment industry.

Q3. 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 it could be self incriminating.

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

C) could be summarily suspended from membership.

Q4. 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.

Q5. With respect to filing complaints concerning the professional conduct of a CFA Institute member, which of the following is TRUE?

A) Anyone can write the Professional Conduct Program staff with a complaint concerning the conduct of any member.

B) Only other members can write the Professional Conduct Program staff with a complaint concerning the conduct of another member.

C) Anyone can write the Standards and Policy Committee staff with a complaint concerning the conduct of any member.