Question #1
Reading: Reading 42.7 Standards of Professional Conduct Guidance for Standards VII
PDF File: Reading 42.7 Standards of Professional Conduct Guidance for Standards VII.pdf
Page: 1
Status: Incorrect
Correct Answer: C
Your Answer: A
Question
All of the following statements in promotion of your services are in violation of CFA Institute Standards of Practice handbook EXCEPT:
Answer Choices:
A. I guarantee under my management that you will receive returns in excess of the market index average
B. based upon my research, you will achieve a 20% compound annual rate of return on small cap stocks over the next 5 years
C. I passed Level II of the CFA Program in 2003
Explanation
Candidates may refer to the CFA level(s) passed and the associated dates as long as a
partial designation is not implied. They may not guarantee or promise a given level of
return.
(Module 42.10, LOS 42: VII(B))