CFA Level 1: CFA Level 1 Exam Question Answer

Tiarera's Conviction for Misdemeanor - Exam Question Answer

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Tiarera has just landed a big account for her fund and is in a joyous mood. To celebrate, she decides to go out to a bar with some of her friends and share some drinks. Tiarera, however, has a weak constitution and cannot handle alcohol very well. In fact, many times in the past, she has gotten into drunken altercations at bars. Tonight turns out to be no different; Tiarera and her friends are arrested for disorderly conduct and convicted for misdemeanor. Tiarera has

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A. B. C. D.

A

A single instance of misdemeanor is generally not serious enough to constitute a violation of Standard II (B). However, Tiarera has shown a pattern of professional misconduct that reflects poorly on her firm and her profession, thus violating the AIMR standard.