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

Which of the following behaviors by a GARP member would most clearly violate the Code of Conduct's rules regarding professional standards?

Claiming a certification not yet earned is the clear violation, since the GARP Code prohibits knowingly misrepresenting facts, including credentials. Declining to opine outside one's competence, attributing others' research, and disclosing firm positions are all consistent with professional standards.

  1. ADeclining to give an opinion on a product outside the member's area of competence
  2. BCiting another analyst's research in a report with proper attribution
  3. CDisclosing in a report that the member's firm holds a position in the security discussed
  4. DClaiming in a marketing document to have completed professional certification that the member has not yet earnedCorrect

Explanation

Misrepresenting one's credentials or qualifications is a knowing misrepresentation and violates the Code's integrity standards. The other actions show competence limits, proper attribution, and conflict disclosure, all of which are consistent with the Code.

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