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Lexi Fox, CFA, is a research analyst for a Swiss-based hedge fund. The fund specializes in distressed securities and requires Fox to meet with directors
Lexi Fox, CFA, is a research analyst for a Swiss-based hedge fund. The fund specializes in distressed securities and requires Fox to meet with directors and executives all over the world, usually over a meal or drinks. She is successful in fulfilling her role, but often finds herself heavily inebriated after a day of meetings. This has given her a reputation in the firm for missing many days of work owing to the effects of excessive drinking. However, her research reports are among the best in the business and lead to many successful transactions. Which of the following is most correct? Fox has violated CFA standards by drinking alcohol during business meetings Fox has violated CFA standards by drinking excessively Fox has not violated CFA standards as her work product is not affected by her drinking
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