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Question:
Thomas Baker recently passed the Level III CFA examination. Baker is reviewing a draft of the firm's marketing material to be distributed after he receives his CFA charter. One passage reads, "Baker is especially proud of the fact that he passed all three Levels of the exam on his first attempts in three consecutive years." Is this statement in compliance with CFA Institute Standards?
A
Yes, as long as it is a statement of fact.
explanation
Stating that Baker passed the exams in consecutive years is acceptable, if in fact he did so, according to Standard VII(B) Reference to CFA Institute, the CFA Designation, and the CFA Program.
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