Question of the Week – Ethical and Professional Standards

The Standards which apply are:

Misrepresentation. Members and Candidates must not knowingly make any misrepresentations relating to investment analysis, recommendations, actions, or other professional activities.

Responsibilities of Supervisors. Members and Candidates must make reasonable efforts to detect and prevent violations of applicable laws, rules, regulations, and the Code and Standards by anyone subject to their supervision or authority.

Soojung is responsible to make reasonable efforts to prevent Joyce from violating the Standards. If Joyce isn’t a CFA member/charterholder/candidate, Joyce isn’t responsible for fulfilling the Standards. But Soojung is responsible as a supervisor.