2015LevelIMockExamAMQuestionsandAnswersPage11.VishalChandarana,anunemployedresearchanalyst,recentlyregisteredfortheCFALevelIexam.Aftertwomonthsofintenseinterviewing,heacceptsajobwithastockbrokeragecompanyinadifferentregionofthecountry.ChandaranapostsonabloghowbeingaCFAcandidatereallyhelpedhimgetajob.Healsonoteshowrelievedhewaswhenhisnewemployerdidnotaskhimaboutbeingfiredfromhisformeremployer.WhichCFAInstituteStandardsofProfessionalConductdidChandaranaleastlikelyviolate?A.LoyaltytoEmployersB.ReferencetoCFAInstitute,theCFADesignation,andtheCFAProgramC.MisconductAnswer=BThereisnoevidenceChandaranaviolatedStandardVII(B)–ReferencetoCFAInstitute,theCFADesignation,andtheCFAProgramwithregardtohisbeingaCFAcandidate.Specifically,ChandaranadoesnotoverstatehiscompetencyorimplyhewillachievesuperiorperformanceasaresultofhisCFAdesignation.Itdoesappear,however,Chandaranadidnotactwithintegritywhenhehidinformationthatcouldpotentiallyharmhisnewemployer'sreputation,thusviolatingStandardI(D)–MisconductandStandardIV(A)–Loyalty.CFALevelI"GuidanceforStandardsI–VII"StandardVII(B)–ReferencetoCFAInstitute,theCFADesignation,andtheCFAProgram,StandardI(D)–Professionalism,StandardIV(A)–DutytoEmployers2.DavidDonniganenrolledtotaketheLevelIICFAexaminationinthecurrentyear,buthedidnottaketheexam.DonniganadvisedhisemployerthathepassedLevelII.Subsequently,heregisteredtotaketheLevelIIexamthenextyear.WhichCFAInstituteStandardsofProfessionalConductdidDonniganleastlikelyviolate?Thestandardrelatedto:A.referencingcandidacyintheCFAProgram.B.dutytoemployer.C.professionalmisconduct.Answer=ABecauseheregisteredtotaketheexaminthenextyear,DonniganstillqualifiestostateheisacandidateintheCFAProgram.Hewouldnot,however,beauthorizedtoreferencethatheisaLevelIIIcandidateand,ifasked,wouldneedtospecifiythatheisaLevelIIcandidate.CFALevelI"GuidanceforStandardsI-VII,"CFAInstituteStandardI(D),StandardIV(A)2015LevelIMockExamAMQuestionsandAnswersPage23.IanO'Sullivan,CFA,istheownerandsoleemployeeoftwocompanies,apublicrel...
