Answer-first summary for fast verification
Answer: Yes, Kon violated the Standards by re-creating supporting records from memory.
According to **Standard V(C) - Record Retention**, a member or candidate must not re-create supporting records from memory. The standard explicitly prohibits using historical recommendations or research reports from a previous firm if the supporting documentation is unavailable. Instead, supporting records must be re-created using information gathered from public sources or directly from the covered company, not from memory or sources obtained at the previous employer. In this case, Kon violated the Standards by re-creating records from memory.
Author: LeetQuiz Editorial Team
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Melissa Kon, CFA, recently transitioned from Ham Capital (HC) to Eagle Investments (EI). She obtained HC's express consent to take a historical research report with her. At EI, she updates and publishes the report and re-creates supporting records from memory for record-keeping purposes. Did Kon violate the CFA Institute Standards?
A
No, Kon did not violate any Standards.
B
Yes, Kon violated the Standards by publishing the updated research report.
C
Yes, Kon violated the Standards by re-creating supporting records from memory.
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