Question #7 - Reading 42.7 Standards of Professional Conduct Guidance for Standards VII

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: 3

Status: Incorrect

Correct Answer: B

Your Answer: C

Question

Nancy Arnold receives an undergraduate business degree with a management major and has completed all the requirements for the CFA designation. She is applying for employment at several brokerage firms. Her resume states, "I will soon be awarded the CFA charter by CFA Institute." Her resume also states that she and majored in finance. Arnold's statements violate:

Answer Choices:

A. only the Standard on misrepresentation

B. both the Standards on misrepresentation and reference to the CFA designation

C. only the Standard on reference to the CFA designation

Explanation

Arnold violated both Standards. Misstating her college major violates Standard I(C) Misrepresentation. Stating that she expects to be awarded the CFA charter is an improper use according to Standard VII(B) Reference to CFA Institute, the CFA Designation, and the CFA Program. (Module 42.10, LOS 42: VII(B))

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