Question #12
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: 5
Status: Incorrect
Correct Answer: B
Your Answer: A
Question
A CFA charterholder coaches a fellow employee as that colleague studies for the CFA exams. The charterholder tells the colleague all that she remembers from her exams and how they were constructed. This is:
Answer Choices:
A. not a violation of the standards
B. concerning use of the designation
C. a violation of Standard VII(
D. concerning professional misconduct
Explanation
This is a violation because even though it does not necessarily compromise the integrity of
the next exam, it does violate Standard VII(A) Conduct as Members and Candidates in the
CFA Program. At the beginning of the CFA examination, all candidates are required to sign
a statement saying they will not divulge any information regarding the exam to anyone. In
this question the Code of Ethics was violated because it requires CFA candidates and CFA
Institute members to act in an ethical manner.
(Module 42.10, LOS 42: VII(A))