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FRM Part I · FRM Exam Part I · GARP Code of Conduct

A GARP member prepares a research note that uses a colleague's statistical model description, copied nearly word for word from an internal paper, and presents it as her own work. Which GARP Code of Conduct principle is most directly breached?

The member breached the Code by failing to credit another person's work and misrepresenting authorship. GARP members must not plagiarize and must acknowledge the contributions of others, so presenting a colleague's model description as her own violates professional integrity.

  1. AFailing to give proper credit and thereby misrepresenting authorship of others' workCorrect
  2. BFailing to maintain a diversified model inventory
  3. CFailing to hold the model to a 99% confidence standard
  4. DFailing to disclose the firm's compensation structure

Explanation

The Code requires members to give proper credit for the work of others and not to plagiarize or misrepresent authorship. Copying a colleague's description and claiming it as her own is a direct breach. The other options relate to matters the Code does not address in this scenario.

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