Kim Li, CFA, is a portfolio manager for an investment advisory firm. Li delegate

Question

Kim Li, CFA, is a portfolio manager for an investment advisory firm. Li
delegates some of her supervisory duties to Janet Marshall, CFA, after educating
Marshall on methods to prevent and detect violations of the firm’s compliance
procedures. Despite these efforts, Li discovers that an employee reporting to
Marshall may have violated the procedures. According to the Standards of
Practice Handbook, Li’s least likely initial course of action must be to:

A. suspend the employee.
B. increase supervision of Marshall.
C. initiate an investigation to determine the extent of the wrongdoing.

Explanation / Answer

A. suspend the employee.

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