Q6. After she received the Notice of Inquiry from the Designated Officer, Liu had fully cooperated with the investigation into her actions during the CFA Exam. If a covered person receives a Notice of Inquiry about an alleged violation of the CFA Institute Code and Standards and fails to cooperate fully with the investigation, which of the following sanctions do the Rules of Procedure permit the Designated Officer to impose?

A)   Private Censure.

B)   Summary Suspension.

C)   1-year Timed Suspension.

Q7. With respect to the CFA Institute enforcement of the Code and Standards, which of the following is NOT a possible disciplinary sanction?

A)   Private censure.

B)   Payment of a fine.

C)   Refusing to allow a candidate for the CFA designation to take one of the exams.

Q8. Which of the following correctly lists disciplinary sanctions in order of severity, lowest to highest, that the Designated Officer may take as a result of an investigation?

A)   Suspension of the CFA designation, public censure, revocation of the CFA designation.

B)   Public censure, suspension of the CFA designation, revocation of the CFA designation.

C)   Suspension of membership, revocation of membership, public censure.

Q9. Which of the following statements regarding disciplinary procedures is FALSE?

A)   A hearing may be held by telephone.

B)   The findings of a summary suspension review panel are final and conclusive.

C)   The findings of a hearing panel are final and conclusive.

答案和详解如下：

Q6. After she received the Notice of Inquiry from the Designated Officer, Liu had fully cooperated with the investigation into her actions during the CFA Exam. If a covered person receives a Notice of Inquiry about an alleged violation of the CFA Institute Code and Standards and fails to cooperate fully with the investigation, which of the following sanctions do the Rules of Procedure permit the Designated Officer to impose?

A)   Private Censure.

B)   Summary Suspension.

C)   1-year Timed Suspension.

Correct answer is B)

The Rules of Procedure permit the Designated Officer to impose a Summary Suspension for failure to cooperate with a professional conduct investigation. A Summary Suspension means revocation of membership in the CFA Institute and affiliated organizations, the right to use the CFA designation, and/or participation in the CFA Program. The Summary Suspension for failure to cooperate is effective after the covered person has been notified. The covered person may request a review of the summary suspension within 30-days of notification. If he/she fails to request a review within that time, a request for review will not be accepted until one year has elapsed.

Q7. With respect to the CFA Institute enforcement of the Code and Standards, which of the following is NOT a possible disciplinary sanction?

A)   Private censure.

B)   Payment of a fine.

C)   Refusing to allow a candidate for the CFA designation to take one of the exams.

Correct answer is B)

CFA Institute does not impose fines. All of the other choices are possible sanctions. CFA Institute may suspend a candidate from further participation in the CFA program.

Q8. Which of the following correctly lists disciplinary sanctions in order of severity, lowest to highest, that the Designated Officer may take as a result of an investigation?

A)   Suspension of the CFA designation, public censure, revocation of the CFA designation.

B)   Public censure, suspension of the CFA designation, revocation of the CFA designation.

C)   Suspension of membership, revocation of membership, public censure.

Correct answer is B)

Public censure is less severe than suspension from using the CFA designation, and suspension is less severe than revocation.

Q9. Which of the following statements regarding disciplinary procedures is FALSE?

A)   A hearing may be held by telephone.

B)   The findings of a summary suspension review panel are final and conclusive.

C)   The findings of a hearing panel are final and conclusive.

Correct answer is C)

The findings of a hearing panel may be subject to appeal to the Professional Standards and Policy Committee (PSPC) in exceptional or unusual circumstances. The findings of a summary suspension review panel are final and conclusive.