Answer-first summary for fast verification
Answer: Disclose the complaint to the CFA Institute.
**Explanation:** According to the CFA Institute Code of Ethics and Standards of Professional Conduct, members and candidates are required to self-disclose any matters that may question their professional conduct on the annual Professional Conduct Statement. This includes involvement in civil litigation, criminal investigations, or being the subject of a written complaint. In this scenario, Figeczky's actions have been formally questioned, making disclosure the appropriate course of action. - **Option B** is incorrect because the Code and Standards do not prohibit a member from accepting bonuses during an investigation into their professional behavior. The member may have acted within their authority and fairly earned the compensation. - **Option C** is incorrect as the Code does not mandate a member to request a suspension of their membership while a complaint is under investigation.
Author: LeetQuiz Editorial Team
Ultimate access to all questions.
Tibor Figeczky, CFA, is an equity trader at Global Investment Bank (GB). Over the past three years, he has profitably traded the bank's investment portfolio, earning substantial bonuses. Internal auditors at GB have formally accused Figeczky of exceeding his trading authority and engaging in unauthorized trades. According to the CFA Institute Code of Ethics and Standards of Professional Conduct, Figeczky should most likely:
A
Disclose the complaint to the CFA Institute.
B
Refuse further bonuses until the issue is resolved.
C
Request a temporary suspension of his CFA Institute membership.
No comments yet.