Vader, CFA, will begin a new job next week with a
regional brokerage firm. Since this firm employs a
number of CFA charterholders, which of the following
acts is the "least" that Darth could do
on his first day at work, and still not violate the
a) Even if Darth does nothing, given the firm's apparent acceptance of CFA charterholders, Standard III(A) - Duty to Inform Employer of Code and Standards will not be violated.
b) Simply remind the supervisor that as a CFA charterholder, he is obligated to the same standards as the firm's existing charterholders.
c) Inform his supervisor in writing of his obligation to abide by the Code and Standards and deliver a copy of the Code and Standards for the firm's records.
d) Simply submit in writing of his obligation to abide by the Codes and Standards.
The correct answer is: b)
Standard III(A)- Inform Employer of Code and Standards mandates that a covered person inform his supervisor in writing of his obligation to abide by the Code and Standards and deliver a copy of the Code and Standards for the firm's records. The only exception to this rule is if the firm has publicly stated that it has adopted the Code and Standards as part of its compliance procedure.
2005 LOS: 1.2-1.3.a-1.3.b-1.3.c
The correct answer is d. Since the Law of Locality applies, and King performs his business in Jurisdiction B (where securities ...
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