Investments-R-Us | CFA Level 1 Exam | Test Prep

Investments-R-Us Senior Management | CFA Charter-Holders

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Question

Investments-R-Us is a growing investment advisory firm, which recently hired 5 CFA charter-holders for senior management positions. In an advertisement, the firm promised clients excellent client service and timely investment advice. To bolster this motto, all 5 CFA charter-holders were praised in the advertisement for their commitment, professionalism and high intelligence displayed in passing the CFA program in 3 straight attempts. IRU has

Answers

A. violated the AIMR Presentation Standards by selectively presenting its expertise in the field.

B. violated Standard II (A) - Use of Professional Designation - by implying superior results based on the fact that the CFA charter-holders passed every exam in first attempt.

C. none of these answers.

D. not violated any of standards in the AIMR code.

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Explanations

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A. B. C. D.

Implications that CFA Charter-holders who pass their exams in the first attempt can generate superior results or display a higher level of intelligence are considered inappropriate by Standard II (A) of the AIMR Code of Ethics.

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