1215

An investment advisor takes a trip for which his firm will pay the expenses. Upon his return he alters some of the numbers on restaurant receipts to inflate the expenses by $64. Is this a violation of Standard I(D)?

A) No, if such a crime carries less than a one-year prison term.

B) Yes, because the amount involved is over $50.

C) Yes, because it reflects adversely on the charterholder’s professional reputation.

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Professional conduct involving dishonesty, fraud, or deceit is a direct violation of Standard I(D), Misconduct.

1215

All of the following are violations of Standard I(D), Misconduct, EXCEPT:

A) conviction of a crime involving fraud.

B) conviction of a misdemeanor involving civil disobedience in support of one’s personal beliefs.

C) any conduct that undermines confidence that the CFA charter represents a level of achievement based on merit and ethical conduct.

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The Code and Standards do not focus on personal conduct as long as the conduct does not reflect poorly on one’s professional reputation, integrity, or competence.

luqian55

thanks a lot