CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

Danny Molley is enrolled to take the Level I CFA examination. His friend, Blair Smith, had purchased Level I study materials from a well-known CFA review program the previous year. Smith made a photocopy of the previous year's copyrighted materials and sold it to Molley to help him study. Who violated the Standards?
A. Neither violated.
B. Only Smith violated.
C. Both violated.
Explanation: Photocopying copyrighted material, regardless of the year of publication, is a violation of the Standards as copyrighted materials are protected by law. Candidates and members must comply with all applicable laws, rules, and regulations and must not knowingly participate or assist in a violation of laws.

User Contributed Comments 2

User Comment
LyncKidd And yet there are so many people requesting materials in this format through their LinkedIn profiles. Whether the institute is trying to enforce this or not, it would not be difficult to track down these offenders!
thebkr777 lol
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