Sanctions for CFA® Level 1 Members | AIMR Consequences

Sanctions Imposed on CFA® Level 1 Members

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Question

Sanctions that AIMR may impose on its members include:

I. Revocation of the member's registration as an investment advisor.

II. Private censure.

III. A monetary fine.

IV. Suspension of membership.

Answers

Explanations

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A. B. C. D.

A

The question deals with the disciplinary sanctions available to AIMR's PCP. The PCP can suspend membership or impose a private censure on members for violating the Code and Standards. However, AIMR has no authority to revoke a member's registration as an investment advisor, or to impose a monetary fine.