QUESTIONS 1 THROUGH 18 RELATE TO ETHICAL AND PROFESSIONAL STANDARDS.

7. A CFA candidate was responsible for developing presentations regarding New

Vision Asset Managers’ investment process and historical investment

performance. When the candidate moved to another firm, he brought with him the

presentation he developed for New Vision, changed the name of the company and

presented it to a client of his new employer. The client asked the candidate if he

had New Vision’s permission to use their presentation. The candidate responded,

“I created the presentation in my last month working there. It was, after my

resignation, so it’s mine to use. Besides the investment performance is what I

achieved for my clients at New Vision.” According to the Standards of Practice

Handbook, the CFA candidate is least likely to have violated the CFA Institute

Standards of Professional Conduct that relate to:

A. Loyalty.

B. Misrepresentation.

C. Communication with Clients and Prospective Clients.