- CFA Exams
- CFA Level I Exam
- Study Session 1. Ethical and Professional Standards
- Reading 3. Guidance for Standards I-VII
- Subject 3. Standard I (C) Misrepresentation
CFA Practice Question
A CFA charterholder runs a small investment management firm. The firm subscribes to a service from a large investment research firm that provides research reports that can be repackaged as in-house research by smaller firms. The firm distributes these reports to clients with specific references to their sources and authors. According to the Standards of Practice Handbook, has the charterholder violated the Standard
related to misrepresentation?
A. Yes, because she distributed plagiarized material.
B. Yes, because she misrepresented her firm's services.
C. No
Explanation: Members may repackage and distribute third-party research reports as long as they do not represent themselves as the authors of the reports.
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