Question #4
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: 2
Status: Incorrect
Correct Answer: A
Your Answer: C
Question
A CFA Institute member puts the following statement on her resume: "I passed each level of the CFA exam on the first try." Is this a violation of Standard VII(B)?
Answer Choices:
A. No, because it is a statement of fact
B. Yes, because saying she passed exams on the first try is not appropriate
C. Yes, because she incorrectly refers to the CFA exam
Explanation
The statement is not a violation because it is a fact. However, the member must not go on
to claim superior performance.
(Module 42.10, LOS 42: VII(B))