CFA Practice Question
Which of the following statements is correct regarding Standard VII (B) - Reference to CFA Institute, the CFA Designation, and the CFA Program?
A. Joe Martin passed Level I and Level II of the CFA exams and is scheduled for the next Level III exam. He may write, "Joe Martin, CFA II."
B. Joe Martin passed Level I and Level II of the CFA exams and is scheduled for the next Level III exam. He may write, "I am a Level III candidate in the CFA program."
C. Joe Martin passed Level I and Level II of the CFA exams, but is not scheduled for the next Level III exam. He may write, "I am a Level III candidate in the CFA program."
Explanation: Joe Martin passed Level I and Level II of the CFA exams and is scheduled for the next Level III exam. He may write, "I am a Level III candidate in the CFA program." "Joe Martin, CFA II" is a misrepresentation and a violation of Standard VII (B). There is no designation for someone who has passed Level I, Level II, or Level III. He may not state he is a candidate unless he is registered for the next exam.
User Contributed Comments 4
| User | Comment |
|---|---|
| ticomico | Candidates may state that they are level I (II orII) candidates if they are registered for the next exam'. |
| fanll | Can CFA be used as adjective? |
| JZino | CFA may not be used as an adjective |
| vadklim | From CFA curriculam, v1, p. 107: "The Charted Financial Analyst and CFA marks must always be used either after chartholder's name or as adjective (never as noun) in written documents or oral conversations" |