Stephanie Irons, Level II CFA candidate, regularly posts in Internet chat
rooms dedicated to candidates studying for the Level II exam. Throughout the
season, she and other candidates discuss curriculum content in great detail.
Three days after the exam, she returns to the site and vents her frustrations
over complicated exam questions by posting questions she remembers on the site,
and asking others for their responses and reasoning. Other candidates follow
suit and post the questions they remember. Within a week, Irons and her fellow
candidates are able to reconstruct about 85% of the exam from their collective
memory. Finding the exercise cathartic, she is then able to return to her job
and personal life and wait for her results. Irons and her fellow candidates are most likely:
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A)
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in violation of Standard VII(A) "Conduct as Members and Candidates in the
CFA Program" for discussing curriculum content in a public forum prior to the
exam.
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B)
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in violation of Standard VII(A) "Conduct as Members and Candidates in the
CFA Program" for providing confidential information about the exam.
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C)
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not in violation as the information about the actual exam contents was
posted after the conclusion of the exam.
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