Ethical And Professional Standards - Ethical And Professional Standards Section 1

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16. The Professional Conduct division of the CFA Institute is responsible for enforcing testing policies for:

  • Option : C
  • Explanation : The Professional Conduct division of the CFA Institute is responsible for enforcing testing policies for the CFA Institute education programs and the CIPM program.
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17. Who maintains oversight and responsibility for the Professional Conduct Program?

  • Option : B
  • Explanation : The CFA Institute Board of Governors maintains oversight and responsibility for the Professional Conduct Program.
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18. A proctor files a report about a candidate who sat for the Level III exam, who he believes was looking sideways multiple times during the exam and did not stop writing when asked to. A professional conduct inquiry is initiated. What is the the course of action the Professional Conduct staff investigating the matter is most likely to take as soon as the inquiry is initiated?

  • Option : A
  • Explanation : Continuing to write after the final call is an offense taken seriously and it is likely that an investigation will be carried out by the Professional Conduct staff.
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19. Which of the following is not the result of a sanction imposed by the CFA Institute?

  • Option : C
  • Explanation : Sanctions include public censure, suspension of membership, use of the CFA designation, and revocation of the CFA charter.
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20. According to the CFA Institute Code of Ethics, which one of the following is incorrect? Members and Candidates must:

  • Option : B
  • Explanation : According to the CFA Code of Ethics: “Place the integrity of the investment profession and the interests of clients above their own personal interests” and not at par with their own interests.
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