Under AIMR Rules of Procedure for the Proceeding Related to Professional Conduct, membership in AIMR and/or the right to hold and to use the CFA designation may be summarily suspended by AIMR’s Designated Officer for the following misconduct:

Under AIMR Rules of Procedure for the Proceeding Related to Professional Conduct, membership in AIMR and/or the right to hold and to use the CFA designation may be summarily suspended by AIMR’s Designated Officer for the following misconduct:

I. Conviction for a crime that is defined as a felony or its equivalent.

II. Indefinite bar from registration under the securities laws (even though reapplication may be made after a specific period of time).

III. Failure to complete and return a professional conduct statement for each of two successive years.
A . I only.
B . I and II only.
C . IV only.
D . II only.
E . III only.
F . II and III only.
G . I, II and II

View Answer

Answer: G

Explanation:

This question relates to AIMR’s summary suspension powers as defined in the Bylaws under the Professional Conduct Program. Statements I, II and III describe grounds for summary suspension of membership in AIMR and/or the right to hold and use the CFA designation.