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

David, an FRM holder, learns that a fellow GARP Member has seriously breached the Code. David has no obligation to anyone else, but he is considering what the Code expects. Which action is most consistent with the Code's purpose?

David should be prepared to report the violation through appropriate channels. The Code's purpose is to promote integrity in the profession, so members are expected to uphold its standards and not condone or assist breaches. Ignoring it, shaming publicly or destroying evidence would all conflict with that purpose.

  1. AIgnore it, because only GARP staff may address violations
  2. BConfront the member publicly on social media to deter others
  3. CTreat the matter as a personal issue and delete any evidence he has
  4. DBe willing to report the violation to the appropriate body, since the Code expects members to uphold and promote its standards and not to condone breachesCorrect

Explanation

Members are expected to uphold the Code and not knowingly participate in or assist violations, and to support the profession's integrity. Public shaming and ignoring the breach are inconsistent with this, and destroying evidence is itself improper.

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