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Answer: A 2-year suspension of the GARP member from GARP's membership roles.
## Explanation When a formal determination is made that a GARP member has violated the GARP Code of Conduct, the potential consequences include: - **Suspension of membership** (Option B): GARP may suspend a member from membership roles for a specified period, such as 2 years - **Revocation of membership**: Complete removal from GARP membership - **Revocation of FRM certification**: Loss of the Financial Risk Manager designation - **Suspension from candidacy in the FRM program**: Temporary or permanent ban from participating in the FRM program **Why other options are incorrect:** - **Option A**: GARP does not typically impose monetary fines as penalties for Code of Conduct violations - **Option C**: While GARP may require additional education, they don't typically mandate re-taking the entire FRM examination - **Option D**: While ethical training may be recommended, "required participation in ethical trading" is not a standard penalty for Code of Conduct violations The most common and appropriate consequence from the given options is suspension of membership, making Option B the correct answer.
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Which of the following are potential consequences of violating the GARP Code of Conduct once a formal determination that such a violation has occurred is made?
A
A fine of $1,000.
B
A 2-year suspension of the GARP member from GARP's membership roles.
C
Reattend the FRM Part I and Part II examinations.
D
Required participation in ethical trading.
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