Ethics Standard 1(B) example questions

CFA Level III Ethics
#1

In examples 13 and 14, Mandel gives Monetory gifts and benefits to Gomez (Example 13) and Finlay (Example 14) in order to earn business.

Examples conclude that Mandel has violated the standard 1(B). They don’t talk about Gomez and Finlay violating the standards.

In my opinion all of them have violated the standards.

Am I missing something?

Thanks.

#2

I agree with you, however the context of the example appears to be from the point of view whether Mandel was in violation or not.?

#3

If y’all had taken any class from me that had covered Ethics – Level I, Level II, or Level III – you wouldn’t be asking these questions; the reason would have been pounded into you.

Please answer this: to whom do the Code and Standards apply?

#4

Code applies to only CFA members and candidates?

I guess you answered my question…

Thanks you sir!

#5

_ Charterholders _, candidates, and members of CFA Institute.

Not union officials.

Not golfers.

wink

#6

lol… ok thanks! finally at level 3 I found out this stuff…:slight_smile:

#7

What about material non public information? In examples the people passing and trading based on the information are not related to CFA program. They are still violating the standards. How?

Thanks,

#8

Sloppiness on the part of the question writer.

People who are not covered by the C&S (charterholders, candidates, members) _ cannot violate _ the C&S: it doesn’t apply to them.