Question：

Vishal Chandarana, an unemployed research analyst, recently registered for the CFA Level I exam. After two months of intense interviewing, he accepts a job with a stock brokerage company in a different region of the country. Chandarana posts on a blog how being a CFA candidate really helped him get a job. He also notes how relieved he was when his new employer did not ask him about being fired from his former employer. Which CFA Institute Standards of Professional Conduct did Chandarana least likely violate?

A. Loyalty to Employers

B. Reference to CFA Institute, the CFA Designation, and the CFA Program

C. Misconduct

Answer = B

There is no evidence Chandarana violated Standard VII(B)–Reference to CFA Institute, the CFA  Designation, and the CFA Program with regard to his being a CFA candidate. Specifically,Chandarana does not overstate his competency or imply he will achieve superior performance as a result of his CFA designation. It does appear, however, Chandarana did not act with integrity when he hid information that could potentially harm his new employer's reputation, thus violating Standard I(D)–Misconduct and Standard IV(A)–Loyalty.

CFA Level I

"Guidance for Standards I–VII"

Standard VII(B)–Reference to CFA Institute, the CFA Designation, and the CFA Program, Standard

I(D)–Professionalism, Standard IV(A)–Duty to Employers

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