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Basic Question 2 of 2
Last year David worked as a CFA Institute exam grader. Earlier this year he decided to start a web site to provide test prep solutions for CFA candidates. On the home page of his site, he claimed that he was a former grader and discussed several exam questions he graded. Did David violate the standard?
User Contributed Comments 9
| User | Comment |
|---|---|
| asianl6 | stupid question since we don't know about the agreement. |
| fool | that's stated in the ethics book. |
| 0is4eva | In the CFA Curriculum it is often repeated under Standard VII A that: "Mr X, by using his volunteer position at CFA Institute to benefit himself and his clients, compromises the reputation and integrity of CFA Institute and, thus, violates Standard VII(A)". We don't need to know about the agreement to draw the conclusion that the intention of the web page is to benefit his "clients" (whether paying or not) and that he has made inappropriate reference to his volunteer position as a CFA Institute exam grader, and the services performed as a grader. |
| cahiz84 | But, I think he is not giving any unfair advantage because it states: "Last year David worked", what means, he is not working anymore. It David was incurring a code voilation, I think Analyst Notes, Stalla and Schweser, all of them are incurring violations. |
| jainrajeshv | No violation is to disclose the exam material, and about Analyst Notes, Stalla and Schweser they are not providing their service to CFA institute with regards to Exam. |
| dblueroom | lol |
| rocyang | If that holds true, no grader can ever work for a preparation service. |
| hmichta | They can work for a prep service, as long as they don't disclose the Q's they graded, nor use the fact that they were graders to get a competitive advantage over other prep companies. |
| gulfa99 | i think the question more relates to CFA goodwill ;) |
You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity
recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct
identify conduct that conforms to the Code and Standards and conduct that violates the Code and Standards
CFA® 2024 Level I Curriculum, Volume 6, Module 3.