Explanation:
All three individuals, Donald Lee, Martin, and Joseph, have violated the GARP Code of Conduct. The GARP Code of Conduct is a set of ethical guidelines that all members and candidates of the FRM program are expected to adhere to. It is designed to uphold the integrity of the GARP and the validity of the examinations that lead to the award of the FRM designation. In this scenario, Donald Lee has clearly breached the security of the examination by sharing actual exam questions with Martin and Joseph. This act compromises the integrity of the examination and gives an unfair advantage to Martin and Joseph over other candidates. Martin, by deciding to use these questions for his preparation, is also in violation of the code. Joseph, despite his decision not to use the questions, is still in violation because he received the questions and was part of the plan to distribute them.
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Q.283 Donald Lee, FRM, is an exam proctor for the FRM part I exam. A few days before the exam, Lee emails a copy of 5 questions to each of his two friends, Martin and Joseph, who are part 1 candidates in the FRM program. Lee and his two friends had planned the distribution of exam questions months in advance. Martin proceeds to prepare for the exam. However, Joseph develops cold feet and declines to load the questions and use them to his advantage. Which of the following statements is most likely correct?
A
Donald Lee violated the GARP Code of Conduct, but Martin and Joseph did not.
B
All the three violated the GARP Code of Conduct.
C
Donald Lee and Martin violated the code, but Joseph did not.
D
Martin and Joseph violated the code, but Donald Lee did not.
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