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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 CFA charterholder volunteers on a committee that grades CFA exams. At a dinner, he tells a colleague, who is not a volunteer, how the committee scored one question. His conduct is most likely:

He most likely violated Standard VII(A). Members who volunteer in grading are prohibited from disclosing confidential material to unauthorized people, and information related to the scoring of questions is expressly covered. It does not matter that no question text was revealed.

  1. Aacceptable, because he did not reveal the text of any question
  2. Bacceptable, because the colleague is also a member of CFA Institute
  3. Ca violation of Standard VII(A), because information about scoring is confidentialCorrect

Explanation

Volunteers must not disclose confidential material to unauthorized personnel. Information related to the scoring of questions is specifically listed as information that must not be shared. The colleague is not authorized, and revealing the question text is not required for a violation.

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