Which statement is true regarding Julie Stades and her CFA designation?

Prepare for the Kaplan Ethics Test. Practice with comprehensive quizzes, flashcards, and multiple-choice questions. Each question includes insights and explanations. Gear up and succeed on your exam!

The statement that Julie Stades did not violate any standards as she did not assert current ownership of the CFA designation is correct. Individuals who hold the CFA designation must be aware of the ethical standards set by the CFA Institute, especially regarding how they represent their credentials after retirement or when they are no longer in good standing.

If Julie Stades does not claim active membership or represent herself as currently holding the CFA designation, she is in compliance with the guidelines, allowing her to mention her past credentials appropriately. This indicates that while she may reference her experience and the designation she earned, she must clearly communicate the status of her membership to avoid any implications of current affiliation or usage.

In contrast to this correct statement, the other options imply misunderstandings about the representation of the CFA designation post-retirement. For instance, the assertion that she can still use the CFA designation since it has been less than five years since she retired overlooks the requirement of being a current member to maintain the right to use the designation actively. Furthermore, the notion that she violated a standard by claiming the designation without current membership would only hold if she misrepresented her status. Lastly, the statement that she cannot refer to her CFA history on her resume at all is also inaccurate, as professionals are permitted

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