Ethical And Professional Standards - Ethical And Professional Standards Section 1
- Option : C
- Explanation : The Professional Conduct division of the CFA Institute is responsible for enforcing testing policies for the CFA Institute education programs and the CIPM program.
17. Who maintains oversight and responsibility for the Professional Conduct Program?
- Option : B
- Explanation : The CFA Institute Board of Governors maintains oversight and responsibility for the Professional Conduct Program.
- Option : A
- Explanation : Continuing to write after the final call is an offense taken seriously and it is likely that an investigation will be carried out by the Professional Conduct staff.
19. Which of the following is not the result of a sanction imposed by the CFA Institute?
- Option : C
- Explanation : Sanctions include public censure, suspension of membership, use of the CFA designation, and revocation of the CFA charter.
- A
act with integrity, competence, diligence, and respect and in an ethical manner with the public, clients, prospective clients, employers, employees and other participants in the global capital markets.
- B
place the integrity of the investment profession and the interests of clients at par with their own interests.
- C
use reasonable care and exercise independent professional judgment when conducting investment analysis, making investment recommendations, taking investment actions and engaging in other professional activities.
- Option : B
- Explanation : According to the CFA Code of Ethics: “Place the integrity of the investment profession and the interests of clients above their own personal interests” and not at par with their own interests.
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