CFA Code of Ethics Violation | Legal Implications | Test Prep

CFA Code of Ethics Violation and Legal Implications

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Question

An AIMR member has violated one of the AIMR code of ethics standards. However, according to the laws of the country governing his behavior, he has done nothing wrong. Then,

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A. B. C. D.

Explanation

A member must always abide by the AIMR code, unless the local laws in any given case are stricter, in which case, the stricter standard applies. Standard I.

Hence, every violation of the code of ethics is always subject to disciplinary action.