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

Lena Ortiz passed Levels I and II and is awaiting the Level III exam. Which statement in her résumé would most likely violate Standard VII(B)?

The statement claiming two-thirds of the designation is complete and a charter is expected next year violates the standard. It implies a partial designation and cites an expected completion date. Factual statements about passing levels consecutively and clear candidacy references are acceptable.

  1. A"Passed Level I and Level II in consecutive sittings"
  2. B"Candidate for the CFA designation, Level III exam results pending"
  3. C"Completed two-thirds of the CFA designation; charter expected next year"Correct

Explanation

Candidates must not state or imply a partial designation from passing levels, nor cite an expected charter completion date. Stating factually that levels were passed in consecutive sittings is permitted, as is a clear candidacy reference.

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