A doubt regarding violation of Code and Standards

[S2000magician]

@Destroyer_of_Worlds

@S2000magician

@Destroyer_of_Worlds

@S2000magician

This is, in fact, an interesting question.

The C&S apply _ only _ to covered persons: candidates, charterholders, members of CFA Institute.

If someone fails an exam and never reregisters, they’re, by definition, not a covered person: the C&S doesn’t apply to them. Hence, they cannot violate it.

Well, that’s true. But this behavior could cause the Institute to deny them from further participation in the program. If the violator doesn’t care about that, fine. But I would ask, even if they don’t care about that, are they subject to other SROs/regulatory entities like FINRA?

But that’s a different question: have they violated FINRA’s C&S?

I’m pretty sure that FINRA would consider this “inflating one’s industry qualifications” at best, and outright misrepresentation at worst. Sanctionable event, in any case.

I’m quite sure that you’re correct.

I’m simply saying that violating FINRA’s C&S isn’t the same as violating CFA Institute’s C&S.