Reading 1: Code of Ethics and Standards of Professional Cond structure, process, 2010

bmaggie

Session 1: Ethical and Professional Standards
Reading 1: Code of Ethics and Standards of Professional Conduct

 

LOS a: Describe the structure of the CFA Institute Professional Conduct Program and the process for the enforcement of the Code and Standards.

 

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) Either being convicted or pleading guilty to the crime.

B) Both of the results listed here.

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

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bmaggie

A covered person who rejects a stipulation agreement:

A) may request an appeal to a summary suspension review panel.

B) will typically not be subject to further disciplinary procedure unless a new investigation is initiated.

C) may request an appeal to a hearing panel.

bmaggie

A covered person who rejects a stipulation agreement:

A) may request an appeal to a summary suspension review panel.

B) will typically not be subject to further disciplinary procedure unless a new investigation is initiated.

C) may request an appeal to a hearing panel.

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A covered person who rejects a proposed stipulation agreement may request an appeal to a hearing panel. This must be done in 30 days, or the matter will be referred automatically if no action is taken. A stipulation agreement is not relevant to a case warranting a summary suspension.

bmaggie

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.

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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.

bmaggie

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

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