Practice Test Answers: Code of Ethics 
Practice Test: Answers
Code of Ethics
Which of the following is a component of the Code of Ethics? CFA Institute members shall:
B) use reasonable care and exercise independent professional judgment.
following could result in the member being summarily suspended from using the CFA designation?
C)
Both of the results listed here.
Which of the following is NOT an act explicitly referred to in the Code of Ethics?
A)
Giving free introductory seminars on investing to the public.
With respect to the CFA Institute enforcement of the Code and Standards, which of the following is NOT a possible disciplinary sanction?
A)
Payment of a fine.
Which of the following correctly lists disciplinary sanctions in order of severity, lowest to highest, that the Designated Officer may take as a result of an investigation?
B)
Public censure, suspension of the CFA designation, revocation of the CFA designation.
Steve Jones is a member of CFA Institute but has not earned the CFA designation yet. CFA Institute is investigating Jones’ activities. If Jones declines to cooperate, he:
B) could be summarily suspended from membership.
Which of the following is a component of the Code of Ethics? CFA Institute members shall:
A) strive to maintain and improve their competence and the competence of others in the profession.
The Code of Ethics does NOT explicitly say that a CFA Institute member shall do which of the following?
C)
Actively lobby for new laws to protect the public.
According to the Code of Ethics, when practicing in a professional and ethical manner the goal is to:
A) reflect credit on members and the profession.
With respect to filing complaints concerning the professional conduct of a CFA Institute member, which of the following is CORRECT?
C)
Anyone can write the Professional Conduct Program staff with a complaint concerning the conduct of any member.
Benito Salvatore, CFA, is licensed in the established
Code of Ethics
Which of the following is a component of the Code of Ethics? CFA Institute members shall:
B) use reasonable care and exercise independent professional judgment.
following could result in the member being summarily suspended from using the CFA designation?
C)
Both of the results listed here.
Which of the following is NOT an act explicitly referred to in the Code of Ethics?
A)
Giving free introductory seminars on investing to the public.
With respect to the CFA Institute enforcement of the Code and Standards, which of the following is NOT a possible disciplinary sanction?
A)
Payment of a fine.
Which of the following correctly lists disciplinary sanctions in order of severity, lowest to highest, that the Designated Officer may take as a result of an investigation?
B)
Public censure, suspension of the CFA designation, revocation of the CFA designation.
Steve Jones is a member of CFA Institute but has not earned the CFA designation yet. CFA Institute is investigating Jones’ activities. If Jones declines to cooperate, he:
B) could be summarily suspended from membership.
Which of the following is a component of the Code of Ethics? CFA Institute members shall:
A) strive to maintain and improve their competence and the competence of others in the profession.
The Code of Ethics does NOT explicitly say that a CFA Institute member shall do which of the following?
C)
Actively lobby for new laws to protect the public.
According to the Code of Ethics, when practicing in a professional and ethical manner the goal is to:
A) reflect credit on members and the profession.
With respect to filing complaints concerning the professional conduct of a CFA Institute member, which of the following is CORRECT?
C)
Anyone can write the Professional Conduct Program staff with a complaint concerning the conduct of any member.
Benito Salvatore, CFA, is licensed in the established