Reading 2-VII: Standards of Professional Conduct & Guida class, div, center, style

土豆妮

Session 1: Ethical and Professional Standards
Reading 2-VII: Standards of Professional Conduct & Guidance: Responsibilities as a CFA Institute Member or CFA Candidate

LOS A.: Conduct as Members and Candidates in the CFA Program.

 

 

 

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

B) not a violation of the standards.

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

---

 

This is a violation because even though it does not necessarily compromise the integrity of the next exam, it does violate the Code of Ethics, Standard I(D) Misconduct, and Standard VII(A) Conduct as Members and Candidates in the CFA Program.  At the beginning of the CFA examination, all candidates are required to sign a statement saying they will not divulge any information regarding the exam to anyone.  In this question the Code of Ethics was broken because it requires CFA candidates and CFA Institute members to act in an ethical manner.  Standard I(D) Misconduct was broken because it requires members and candidates to not engage in any dishonest conduct.  Standard VII(A) Conduct as Members and Candidates in the CFA Program was broken because it requires members and candidates to not disregard the rules and policies of the CFA Program related to examination administration.

土豆妮

While on a business trip, John Hayes, CFA, found a notebook that had apparently been left in the waiting area of an airport. Hayes opened the notebook and read the title: Confidential: Level II CFA Examination. Before returning the notebook to CFA Institute, he made a copy and gave it to Linda Sacket, one of his firm's analysts, who was a candidate for Level II of the CFA examination. Hayes reasoned that CFA Institute would not use these questions and that Sacket would benefit from reviewing these questions. Sacket read the questions and guideline answers before taking the Level II examination. According to the CFA Institute Standards of Professional Conduct:

A) Hayes violated the Standards, but Sacket did not.

B) Sacket violated the Standards, but Hayes did not.

C) both Hayes and Sacket violated the Standards.

---

Both violated Standard VII(A) because they committed an act that compromised the validity of the examinations leading to the award of the right to use the CFA designation.

土豆妮

Which of the following actions would be a violation of the Standard VII(A), Conduct as Members and Candidates in the CFA Program?

A) Exaggerating the implications of holding the CFA designation.

B) Failure to submit a Professional Conduct Statement and pay annual dues.

C) Misrepresenting information on the Professional Conduct Statement.

---

Misrepresenting information on the Professional Conduct Statement is a direct violation of Standard VII(A), Conduct as Members and Candidates in the CFA Program. The other choices are violations of Standard VII(B), Reference to CFA Institute, the CFA Designation, and the CFA Program.

土豆妮

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

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

---

Standard VII(A), Conduct as Members and Candidates in the CFA Program does not prohibit expressing opinions about the program or the CFA Institute. Thus, Vasquez is not in violation. Nothing in the facts indicates a violation of Standard I(D), Misconduct. Standard I(D) deals with professional conduct involving dishonesty, fraud, or deceit.

土豆妮

All of the following are violations of Standard VII(A), Conduct as Members and Candidates in the CFA Program, EXCEPT:

A) expressing opinions in disagreement with CFA Institute advocacy positions.

B) disregarding the rules related to the administration of the CFA examination.

C) improperly using the CFA Designation to further professional goals.

---

Members and Candidates are allowed to express their opinions about the CFA Institute and CFA Program without violation of any Standards. Both of the other choices are in direct violation of Standard VII(A).

土豆妮

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

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

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

---

Both Gordon and Haney violated Standard VII(A) by compromising the integrity of the exam. Gordon now has an unfair advantage.

土豆妮

For the past 5 years, Karen Beckworth, CFA, has served as a proctor for the CFA exam. Beckworth tells her assistant, a CFA Level III candidate, that she normally receives the examinations on the Thursday before the exam. Given the low pass rate at Level III, Beckworth asks her assistant if he would like an advance copy of the next exam. Beckworth’s assistant declines the offer.

Beckworth’s assistant has been very vocal about expressing his opinions about the low pass rate. The assistant claims, “there are too many charterholders and CFA Institute is deliberately failing candidates because the prestige of the CFA charter is becoming diluted.”

Which of the following statements concerning Beckworth’s and her assistant’s behavior is TRUE?

A) Both Beckworth and her assistant are in violation of Standard VII(A).

B) Beckworth is in violation of Standard VII(A), but her assistant is not in violation.

C) Neither Beckworth nor her assistant is in violation of Standard VII(A).

---

Beckworth is in violation of Standard VII(A), Conduct as Members and Candidates in the CFA Program. Beckworth compromised the integrity of the exam by offering her assistant an advance copy. Beckworth’s assistant is allowed to express his opinion without violation of any Standards.

luqian55

thanks

huanghai

Bonjour il j'aime votre billet.Cuire au four pendant optimale, experts tn requin dit pieds très souple et rapide développement de l'enfant, si air max les orteils flexion ou souffre d'extrusion, très facile de se produire dans la, sélectionnez nike air max et acheter, donc attention particulière aux chaussures à porter nike tn des chaussures : acheter des chaussures co?teuses, le meilleur prix d'achat est moins chers chaussures timberland de chaussures, inappropriés peuvent changer dès que possible. Parce timberland pas cher que les enfants bipède augmentent plus rapidement, plus de 2 à 3 mois dans une paire de chaussures. Parce bottes timberland que l'enfant est au cours de la période, donc les pieds de sélectionnez et acheter doit être adapté pour enfants fantaisie pieds, talon ne doit pas dépasser deux centimètres. Chaussures, non seulement affecte les activités normales et les enfants entravera les enfants à pied positionner correctement. Chaussures est trop petites, peut affecter les muscles de la fièvre du développement de l'enfant et ligaments, les orteils, aussi faciles à se produire par extrusion ankylose. Merci beaucoup! thankyou!