Explanation:
Violations of the GARP Code of Conduct can result in disciplinary measures enforced by the GARP Board of Trustees. Consequences include suspension or permanent revocation of the right to use the FRM designation. GARP does not have the legal authority to forbid someone from working in the risk management profession generally, nor does it levy monetary fines.
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Q.7 Mathew Jelkins, FRM, was recently found guilty of violating the principle of professional integrity and ethical conduct as outlined in the GARP Code of Conduct. Which of the following is a potential consequence? Jelkins will be:
A
Required to participate in at least one ethical training workshop
B
Stripped of the GARP member’s right to use the FRM designation
C
Stripped of the GARP member’s right to work in the risk management profession
D
Required to pay a fine whose amount will be determined by the GARP’s penalty committee
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