At the beginning of page 151 of book 1,it says that all individuals mentioned are members or candidates. so would those individuals who have violated the code and standards in those 64 questions,have been punished?what action has been taken?
they get 48 hrs of personal lecture by Charlie Sheen on winning in life, so that they can turn their poor ethical behavior around. or more seriously… you can look at CFA website and see what they do to some people. you can see some of these people who are have pleaded guilty to insider trading, etc. http://www.cfainstitute.org/ethics/conduct/Pages/current_industry_related_sanctions.aspx they cannot use CFA designation in some cases (suspended).