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Answer: Yes, by highlighting that there were no calculation questions on derivatives in the recent exam
## Explanation Gupta has violated Standard VII(A): Conduct as Participants in CFA Institute Programs. **Key Points:** 1. **Violation of Exam Confidentiality:** While Gupta did not discuss specific exam questions, he revealed information about the **content and structure** of the exam by stating that there were "many calculation questions on derivatives in the first instance and none in the second." This type of information about exam topics, question types, and exam format is considered confidential and should not be disclosed. 2. **What's Permitted vs. Prohibited:** - **Permitted:** General discussions about exam difficulty, personal preparation strategies, or opinions about the testing format (like computer-based testing) - **Prohibited:** Sharing specific information about exam content, topics covered, question types, or exam structure 3. **The Blog Post:** Expressing disagreement about CFA Institute's shift to computer-based testing in a public blog is **NOT** a violation of the Standards. CFA candidates and members are allowed to express opinions about CFA Institute policies and procedures, as long as they don't reveal confidential exam information. 4. **Correct Answer Rationale:** Option B is correct because Gupta violated the Standards by revealing information about the exam content (specifically mentioning that there were no calculation questions on derivatives in the recent exam). **Standard VII(A) Guidance:** Candidates must not engage in any conduct that compromises the reputation, integrity, validity, or security of the CFA exam. This includes not disclosing information about the content of the exam, including specific topics covered, question types, or exam format details. **Conclusion:** Gupta's disclosure about the absence of calculation questions on derivatives constitutes a violation of exam confidentiality standards, while his public criticism of the computer-based testing format does not.
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Akash Gupta has just finished taking the Level II CFA exam for the second time. To protect the integrity of the exam, Gupta is careful not to discuss the exam questions with other candidates. Gupta calls his friend, a member, and contrasts his two attempts by highlighting that there were many calculation questions on derivatives in the first instance and none in the second. Later, in a public blog on investment education, Gupta shares his strong disagreement regarding CFA Institute shifting to computer-based testing. Has Gupta violated the Standards?
A
No
B
Yes, by highlighting that there were no calculation questions on derivatives in the recent exam
C
Yes, by expressing his disagreement in a public blog regarding CFA Institute shifting to computer-based testing