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Basic Question 2 of 6
Dixie Miller, CFA, heads the research department of a large brokerage firm. The firm has many analysts, some of whom are subject to CFA Institute's Code of Ethics and Standards of Professional Conduct. If Miller delegates some supervisory duties, which statement best describes her responsibilities under CFA Institute's Code and Standards?
B. Miller no longer has supervisory responsibility for those duties delegated to her subordinates.
C. Miller retains supervisory responsibility for all subordinates, despite her delegation of some duties.
A. Miller's supervisory responsibilities do not apply to those subordinates who are not subject to CFA Institute's Code and Standards.
B. Miller no longer has supervisory responsibility for those duties delegated to her subordinates.
C. Miller retains supervisory responsibility for all subordinates, despite her delegation of some duties.
User Contributed Comments 3
| User | Comment |
|---|---|
| Shalva | So, manager can delegate DUTIES, but RESPONSIBILITIES are all his (/hers) |
| JakeZ | that just sound unfair |
| isalya | This was clear |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
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® 2026 Level I Curriculum, Volume 6, Module 3.