Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
S2000magician wrote:
This is, in fact, an interesting question.
The C&S apply only to covered persons: candidates, charterholders, members of CFA Institute.
If someone fails an exam and never reregisters, they’re, by definition, not a covered person: the C&S doesn’t apply to them. Hence, they cannot violate it.
Actually, I recall a specific CFAI example (on the website) someone who was not enrolled for a L1 exam, and called himself a L1 candidate. And that person was sanctioned for violation of CFA regs.S2000magician wrote:
This is, in fact, an interesting question.
The C&S apply only to covered persons: candidates, charterholders, members of CFA Institute.
If someone fails an exam and never reregisters, they’re, by definition, not a covered person: the C&S doesn’t apply to them. Hence, they cannot violate it.
Well, that’s true. But this behavior could cause the Institute to deny them from further participation in the program. If the violator doesn’t care about that, fine. But I would ask, even if they don’t care about that, are they subject to other SROs/regulatory entities like FINRA? If so, they will still be prohibited from inflating their credentials or status in recognized credential programs like the CFA. So it really isn’t smart to do this, even if they are not a covered person specifically under the Institute’s C&S.S2000magician wrote:
This is, in fact, an interesting question.
The C&S apply only to covered persons: candidates, charterholders, members of CFA Institute.
If someone fails an exam and never reregisters, they’re, by definition, not a covered person: the C&S doesn’t apply to them. Hence, they cannot violate it.
That’s really interesting.itera wrote:
Actually, I recall a specific CFAI example (on the website) someone who was not enrolled for a L1 exam, and called himself a L1 candidate. And that person was sanctioned for violation of CFA regs.S2000magician wrote:This is, in fact, an interesting question.
The C&S apply only to covered persons: candidates, charterholders, members of CFA Institute.
If someone fails an exam and never reregisters, they’re, by definition, not a covered person: the C&S doesn’t apply to them. Hence, they cannot violate it.
But that’s a different question: have they violated FINRA’s C&S?Destroyer of Worlds wrote:
Well, that’s true. But this behavior could cause the Institute to deny them from further participation in the program. If the violator doesn’t care about that, fine. But I would ask, even if they don’t care about that, are they subject to other SROs/regulatory entities like FINRA?S2000magician wrote:This is, in fact, an interesting question.
The C&S apply only to covered persons: candidates, charterholders, members of CFA Institute.
If someone fails an exam and never reregisters, they’re, by definition, not a covered person: the C&S doesn’t apply to them. Hence, they cannot violate it.
Can we circle back to this.Destroyer of Worlds wrote:
You can register to retake the exam the day you learn of a fail – that last point holds no water. As long as you are continuously enrolled and paid up, you can call yourself a candidate.
But I think the thread misses the real point, which is: Who gives a **** that someone is a Level 1 candidate? What a waste of real estate on a resume.