CFA Level I · CFA Level I Exam · Ethics and Trust in the Investment Profession
Which of the following is the most likely consequence listed in the Preamble for a member or candidate who violates the Code and Standards?
Violations may lead to disciplinary sanctions by CFA Institute, which can include revocation of membership, revocation of candidacy in the CFA Program, or revocation of the right to use the CFA designation. Criminal prosecution and employer suspension are not sanctions it names.
- ARevocation of candidacy in the CFA ProgramCorrect
- BCriminal prosecution by CFA Institute
- CAutomatic suspension of the member's employer
Explanation
The Preamble says violations may result in disciplinary sanctions by CFA Institute, including revocation of membership, revocation of candidacy in the CFA Program, and revocation of the right to use the CFA designation. CFA Institute does not prosecute criminally or suspend employers.
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