Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

CFA Events Calendar

View full calendar

Recommended Discussions

See how our partners can help you ace your CFA exams.

Question of the Week - Ethical and Professional Standards

AdaptPrepAdaptPrep Des Moines, IA, USAPosts: 211 Sr Associate
edited April 2016 in Level 1 Questions

Joyce Price issues weekly investment reports. Joyce looks for trends and commonalities within the research community. She then presents the findings as her own research and doesn't cite any sources. Joyce gives them to her boss, Soojung Yu, CFA. Soojung peer-reviews the reports and does not mention anything about citing sources. Has Soojung most likely violated the Standards?

PassedTense
Level I:  Adapt Exam Engine + Video Lessons + Study Manual
Level II: Adapt Exam Engine + Video Lessons
Level II: Coming 2016

Free Trial with mock exam!
www.passedtense.com

Question of the Week - Ethical and Professional Standards 22 votes

Yes, regardless of whether Joyce if a CFA Member, Charterholder, or Candidate
86%
AdaptPrepgoogs1484tschonespaulopitaTheClawLDifranPahtsanpabulumschrupekBlueJay3535hakzinyang5001mattiasbardenheuernvillajuanVare27rakeshajoysidpramodh941avannoord 19 votes
Yes, if Joyce is a CFA Member, Charterholder, or Candidate
4%
Alegria 1 vote
No
9%
mdlynch3vinhsg 2 votes

Comments

  • AdaptPrepAdaptPrep Des Moines, IA, USAPosts: 211 Sr Associate
    Yes, regardless of whether Joyce if a CFA Member, Charterholder, or Candidate

    The Standards which apply are:

    Misrepresentation. Members and Candidates must not knowingly make any misrepresentations relating to investment analysis, recommendations, actions, or other professional activities.

    Responsibilities of Supervisors. Members and Candidates must make reasonable efforts to detect and prevent violations of applicable laws, rules, regulations, and the Code and Standards by anyone subject to their supervision or authority.

    Soojung is responsible to make reasonable efforts to prevent Joyce from violating the Standards. If Joyce isn't a CFA Member/Charterholder/Candidate, Joyce isn't responsible for fulfilling the Standards, but Soojung is still responsible as a supervisor.

    PassedTense
    Level I:  Adapt Exam Engine + Video Lessons + Study Manual
    Level II: Adapt Exam Engine + Video Lessons
    Level II: Coming 2016

    Free Trial with mock exam!
    www.passedtense.com

Sign In or Register to comment.