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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 Level I candidate posts in an online forum after her exam that she disagrees with the way CFA Institute sets its candidate fee and exam policies, and she criticizes its decisions. Her post contains no exam content. Her conduct is most likely:

Her conduct is consistent with Standard VII(A). The standard does not cover opinions about CFA Institute or its programs, so candidates may freely disagree with its policies and procedures. Only disclosure of confidential exam information is prohibited, and her post contains none.

  1. Aa violation of Standard VII(A) because it undermines confidence in the program
  2. Bconsistent with Standard VII(A) because expressing disagreement with CFA Institute policies is permittedCorrect
  3. Ca violation of Standard VII(A) unless she first obtains written consent from CFA Institute

Explanation

Standard VII(A) does not cover expressing opinions about CFA Institute or its programs. Members and candidates may disagree with its policies and procedures. The restriction is on disclosing confidential exam content, which she did not do. Prior consent is not required.

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