{"id":38887,"date":"2021-12-08T07:30:46","date_gmt":"2021-12-08T07:30:46","guid":{"rendered":"https:\/\/analystprep.com\/cfa-level-1-exam\/?p=38887"},"modified":"2026-08-26T20:59:00","modified_gmt":"2026-08-26T20:59:00","slug":"standard-vc-record-retention","status":"publish","type":"post","link":"https:\/\/analystprep.com\/cfa-level-1-exam\/ethical-and-professional-standards\/standard-vc-record-retention\/","title":{"rendered":"Standard V(C) \u2013 Record Retention"},"content":{"rendered":"\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"QAPage\",\n  \"mainEntity\": {\n    \"@type\": \"Question\",\n    \"name\": \"Scott Garcia is the head of quantitative research at Green Point Investments. Over the six years at Green Point, he has contributed and developed the firm\u2019s quantitatively driven investment strategies. Garcia has diligently documented the assumptions and reasoning behind his work product. Garcia has resigned and has plans to start a consultancy firm. With the permission of his employer, he copies the records of the supporting documentation of strategies he has previously worked on. Has Garcia violated Standard V(C) \u2013 Record Retention?\",\n    \"text\": \"Options:\\nA. Yes, because he is not permitted to make copies of any material developed at his previous employer.\\nB. No, because he received permission to make copies of the supporting documentation.\\nC. No, because he maintains all documents related to the work on the firm\u2019s investment strategies.\",\n    \"answerCount\": 1,\n    \"acceptedAnswer\": {\n      \"@type\": \"Answer\",\n      \"text\": \"The correct answer is B. Garcia has not violated Standard V(C) \u2013 Record Retention because he received permission from his employer before copying the supporting documentation. Although records created during his employment belong to the firm, CFA members may take copies of work-related materials when they have authorization from their employer. Without permission, Garcia would not be allowed to remove these records and would need to recreate his work using publicly available information.\"\n    }\n  }\n}\n<\/script>\n\n\n\n<p class=\"wp-block-paragraph\">Members and Candidates must create and keep relevant documents to support their investment analysis, suggestions, actions, and other investment-related discussions with customers and prospects.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Application: Records of The Firm<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Scott Garcia is the head of quantitative research at Green Point Investments. Over the six years at Green Point, he has contributed and developed the firm&#8217;s quantitatively driven investment strategies. Garcia has diligently documented the assumptions and reasoning behind his work product. Garcia has resigned and has plans to start a consultancy firm. With the permission of his employer, he copies the records of the supporting documentation of strategies he has previously worked on.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Has Garcia violated Standard V(C) \u2013 Record Retention?<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Yes, because he is not permitted to make copies of any material developed at his previous employer.<\/li>\n\n\n\n<li>No, because he received permission to make copies of the supporting documentation.<\/li>\n\n\n\n<li>No, because he maintains all documents related to the work on the firm&#8217;s investment strategies.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Solution<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The correct answer is <strong>B<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">All the records developed by Garcia are the property of the firm. Garcia has not violated Standard V(C) \u2013 Record Retention because he received permission from his employer to make copies of the supporting documentation. If Garcia had not received permission, he would recreate the supporting documentation and strategies through publicly available information.<\/p>\n\n\n\n<div style=\"text-align: center; margin: 30px 0;\">\n  <a href=\"https:\/\/analystprep.com\/free-trial\/\"\n     target=\"_blank\"\n     rel=\"noopener noreferrer\"\n     style=\"display: inline-flex; align-items: center; justify-content: center; padding: 12px 26px; border-radius: 9999px; background: #1e5bd8; color: #ffffff; font-weight: bold; text-decoration: none;\">\n    Start Free Trial \u2192\n  <\/a>\n  <p style=\"margin-top: 12px; font-size: 16px; line-height: 1.5;\">\n    Master CFA Ethics Standard V(C) record retention requirements, documentation practices, and professional obligations with our CFA Level I study materials and practice tools.\n  <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Members and Candidates must create and keep relevant documents to support their investment analysis, suggestions, actions, and other investment-related discussions with customers and prospects. Application: Records of The Firm Scott Garcia is the head of quantitative research at Green Point&#8230;<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-38887","post","type-post","status-publish","format-standard","hentry","category-ethical-and-professional-standards","blog-post","no-post-thumbnail","animate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CFA Standard V(C) Record Retention | AnalystPrep Notes<\/title>\n<meta name=\"description\" content=\"Learn CFA Standard V(C) Record Retention requirements for maintaining documents supporting investment analysis, actions, and recommendations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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