Violation of Standard II (C) in CFA® Level 1

Standard II (C) Violations - CFA® Level 1 Exam

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Question

Which of the following is not a violation of Standard II (C)?

Answers

A. Use a small part of an analysts work who also is employed in a completely different (non-competitive) industry, without acknowledgment.

B. Use a small part of an analysts work who also is employed in the same industry, without acknowledgment.

C. All of these answers are violations.

D. Using one chart in a presentation that was prepared by another analyst, without acknowledgment.

E. Giving an oral report and citing specific quotations, attributable to "leading analysts," without specific reference. C

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Explanations

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A. B. C. D. E.

Explanation

Using excerpts from articles or reports prepared by others, either verbatim, or with only a slight change, without acknowledgment; citing specific quotations, attributable to "leading analysts," without specific reference; using charts or graphs without stating their sources; and copying proprietary computerized spreadsheets or algorithms without seeking the authorization of their creators - all of these practices are violations of Standard II (C). Only globally recognized sources of factual material such as that provided by Standard & Poor's, or Moody's Investors Service, can be used without acknowledgment, since such information is already in the public realm.

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