Question #15
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: 6
Status: Incorrect
Correct Answer: A
Your Answer: B
Question
Ron Vasquez is registered to sit for the Level II CFA exam. Unfortunately, Vasquez has failed the exam the past two years. In his frustration, Vasquez posted the following comment on a popular internet bulletin board: "I believe that CFA Institute is intentionally limiting the number of charterholders in order to increase its cash flow by continuing to fail candidates. Just look at the pass rates." With regard to the Standards concerning misconduct and conduct as participants in CFA Institute programs, Vasquez is:
Answer Choices:
A. not in violation of either Standard
B. in violation of only one of these Standards
C. in violation of both of these Standards
Explanation
Standard VII(A) Conduct as Participants in CFA Institute Programs does not prohibit
expressing opinions about the CFA program or CFA Institute. Nothing in the facts indicates
a violation of Standard I(D) Misconduct, which deals with professional conduct involving
dishonesty, fraud, or deceit.
(Module 42.10, LOS 42: VII(A))