Intro to Code of Ethics and Professional Conduct

Question 1

Who has responsibility for the Professional Conduct Program and the enforcement of the CFA Standards?

Answer 1

CFA Institute Board of Governors has responsibility for the Professional Conduct Program and for enforcement of the Code and Standards

CFA Institute Designated Officer, through Professional Conduct staff, conducts inquiries related to professional conduct

Question 2

What can the Designated Officer do in the event of a violation?

Answer 2

The Designated Officer may decide:

That no disciplinary sanctions are appropriate
To issue a cautionary letter
To discipline the member or candidate

Sanctions may include condemnation by member’s peers or suspension of candidate’s participation in the CFA Program