Question #2
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: A
Your Answer: A
Question
Which of the following statements regarding disciplinary procedures is least accurate?
Answer Choices:
A. A review panel is created from Disciplinary Review Committee members
B. If the CFA member or candidate rejects the sanction, the charges and sanctions may be reviewed
C. The sanctions imposed by the Professional Conduct staff are final and conclusive
Explanation
In the event of misconduct by a member or candidate the CFA Institute Professional
Conduct staff decides whether a violation occurred and what action to take. If the
Professional Conduct staff decides a disciplinary sanction is appropriate the member or
candidate may decide to reject the sanction. In this case the matter is referred to a panel
of Disciplinary Review Committee members comprised of volunteer CFA charterholders.
The panel decides whether a violation of the Code and Standards occurred and what
sanction should be imposed.
(Module 42.10, LOS 42: VII(A))