Question #18
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: 7
Status: Correct
Correct Answer: B
Question
Julie Stades retired several years ago and relinquished her membership in CFA Institute. She had the CFA designation up until then. She has decided to go back to work and puts the following statement on her resume: "I earned the CFA designation 10 years ago." Is this a violation of Standard VII(B)?
Answer Choices:
A. Yes, because she is no longer an active member
B. No, as long as she does not indicate she currently has the designation
C. Yes, she must state that she no longer holds the CFA designation
Explanation
Stades is allowed to state that she earned the designation as long as she does not infer
that she currently has the designation.
(Module 42.10, LOS 42: VII(B))