CFA Level I · CFA Level I Exam · Guidance for Standard I: Professionalism
A candidate posts on a public social media account, under a pseudonym, that his firm's fund "has never had a losing year," although he knows it had two. The post is most likely:
The post is most likely a violation of Standard I(C). Social media communications about professional activities must meet the Standards, and perceived anonymity is no excuse. Knowingly misstating his firm's performance record is a misrepresentation of its record.
- Aa violation of Standard I(C), since anonymity does not remove the dutyCorrect
- Bacceptable, because the account is not in his own name
- Cacceptable, because it is personal rather than professional communication
Explanation
Social media communications about professional activities must adhere to the Code and Standards. Perceived anonymity may tempt misrepresentation, and knowingly misrepresenting the firm's record is a violation of Standard I(C).
Did you get it right without looking?
One question tells you little. A timed set on Guidance for Standard I: Professionalism shows your real accuracy, how long you take and where you lose marks.
More Guidance for Standard I: Professionalism questions
- An analyst at a brokerage firm is offered a small branded pen set and a modest lunch by a company she covers. Under Standard I(B), the analy…
- Which statement about how Standard I(E) Competence is applied is most accurate?
- A portfolio manager's role expands to include managing a mandate in an asset class she has never handled. Under Standard I(E), she is most l…
- Under the Standards, a member or candidate acts "knowingly" in making a misrepresentation when the member or candidate:
- A candidate posts on a social media account under a pseudonym and overstates the track record of her employer's fund. Her best defense is th…
- A portfolio manager sits on a pension fund's investment committee that is selecting a new equity manager. During the process, he asks one of…