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CFA Level I · CFA Level I Exam · Guidance for Standard VII: Responsibilities as a CFA Institute Member or CFA Candidate

A candidate writes a blog post strongly criticizing a recent CFA Institute policy on exam administration. To illustrate the point, the candidate adds that the exam contained no questions on a specific topic area. Which statement best describes the candidate's conduct under Standard VII(A)?

The criticism is permitted, but the remark about the uncovered topic area is a violation. Candidates may freely disagree with CFA Institute policies, yet they may not disclose subject matter covered or not covered in an exam, even while stating a personal opinion.

  1. AThe entire post is a violation because it criticizes CFA Institute
  2. BThe criticism is permitted, but disclosing that a topic area was not covered is a violationCorrect
  3. CThe entire post is permitted because it expresses a personal opinion

Explanation

Members and candidates are free to disagree with CFA Institute on policies and procedures. However, when expressing an opinion, a candidate is prohibited from disclosing information about subject matter covered or not covered in an exam. The topic remark is therefore the violation, not the criticism.

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