Question #16
Reading: Reading 42.1 Standards of Professional Conduct Guidance for Standards I
PDF File: Reading 42.1 Standards of Professional Conduct Guidance for Standards I.pdf
Page: 7
Status: Incorrect
Correct Answer: A
Your Answer: C
Question
If a CFA Institute member knows that a fellow member has violated the Code and Standards, according to Standard I(
Answer Choices:
A. required to dissociate from the activity and strongly encouraged to report it
B. strongly encouraged to dissociate from the activity
C. required to report the activity
Explanation
Standard I(A) does not require a CFA Institute member to report potential violations by
others, but "strongly encourages members and candidates to report potential violations of
the Code and Standards committed by fellow members and candidates."
(Module 42.1, LOS 42: I(A))