Question

Jean Davis and Brian Taylor were recently hired by a local brokerage. Davis is registered for the Level II CFA exam and does not reference the CFA designation on her business card. In her marketing materials, Davis factually describes CFA requirements and notes that she expects to pass in June. Taylor passed the Level II exam and has not yet registered for the Level III CFA exam. Taylor also does not reference the CFA designation on his card and writes in his marketing materials that he passed both Levels I and II of the CFA exam on his !rst try, which is true. Have Davis or Taylor violated any CFA Institute Standards of Professional Conduct?

Answer 1

Davis violated the Standard VII(B) Reference to the CFA Institute, the CFA Designation, and the CFA Program because she stated a future date in which she expected to pass. Candidates who imply partial designations or expected completion dates violate this Standard. Stating a fact about having passed each of the first two levels on the first try does not violate the Standard.

Step-by-step explanation:

In the given statement, it can be inferred that Davis used a future data in the documentation. She indicated the future data like the date her examination result will be released. In this case, a partial designation is used and this violates the Standards of CFA Institute. Therefore, it can be concluded that Davis violated the Standards.