Disciplinary Review Committee
Purpose
The Disciplinary Review Committee (DRC) is responsible for enforcement of the Code of Ethics and Standards of Professional Conduct and the rules and regulations of the CFA Program in order to maintain the integrity of CFA Institute membership and the CFA designation. The DRC:
- Hears and decides disciplinary matters related to alleged violations of the Code and Standards and the rules and regulations of the CFA Program;
- Reviews and decides appeals and certain stipulated and summary disciplinary matters; and
- Reviews and recommends changes to the Rules of Procedure.
The DRC Nominating Committee is responsible for recruiting charterholder members for the DRC, and strives for a fair representation of the differing areas of industry practice, experience, history of volunteer involvement, commitment to ethical standards, and geographic locations of CFA Institute members.
DRC members serve for a term of one year, renewable annually for a maximum of six years. Terms may be staggered to allow for turnover and continuity.
Nominations Process: The nominations process is now open. Applications will be accepted from 31 January 2022 to 11 March 2022. Individuals who have CFA Institute login credentials should use those when registering. To apply, use the following link: https://cfai.smapply.io/prog/fy23_disciplinary_review_committee_application/.
Volunteer Qualifications: Members must be CFA Institute Members who have held the charter for at least three (3) years, with a minimum of five (5) years of experience in the industry.
Volunteer Commitment: Service on the DRC requires significant time commitment (about 100-150 hours), some of which will be during the work week. Members may be asked to serve on in-person hearing panels that require international travel.
Conflicts Specific to the Role: Must be a member in good standing; Must disclose every relationship with a prep provider, including work for a society-sponsored prep course; Prohibited from working for a prep provider while on the DRC and for one year after completion of term; May not be currently enrolled in the CFA Program; Must disclose all work (including volunteer) for another testing, credentialing, or licensing organization in the finance industry; Prohibited from working for another such organization while on the DRC; Disclose all immediate family and household members enrolled in the CFA or CIPM Program; May not serve if an immediate family member or household member is enrolled in CFA Program; Disclose all working relationships with individuals enrolled in the CFA and/or CIPM Program; Prohibited from acting as a CFA or CIPM exam team member, Council of Examiners member, PCR, CFA exam proctor, CFA exam supervisor, data forensics subject matter expert, EAS personnel, or any other role in exchange for compensation from CFA Institute.
If you have any questions regarding the process or the application, please send an email to [email protected]
DRC Executive Team
Chair
Member of CFA Society Phoenix
DRC Executive Team
Deputy Chair
Member of CFA Society Calgary
DRC Executive Team
Member of CFA Society Istanbul
DRC Executive Team
Member of CFA Society Hong Kong
DRC Executive Team
Member of CFA Society Washington, DC
DRC Executive Team
Member of CFA Society Edmonton
Member of CFA Society Sri Lanka
Member of CFA Society Nigeria
Member of CFA Society Cyprus, CFA Society Greece
Member of CFA Society Cleveland
Member of CFA Society Switzerland
Member of CFA Society New York
Member of CFA Society Sydney
Member of CFA Society Cayman Islands
Member of CFA Society Switzerland
Member of CFA Society Colorado
Member of CFA Society Melbourne
Member of CFA Society Vancouver, CFA Society Toronto
Member of CFA China
Member of CFA Society United Kingdom
Member of CFA Society Argentina
Member of CFA Society Dallas/Ft. Worth
Member of CFA Society Finland
Member of CFA Society North Carolina
Member of CFA Society San Antonio
Member of CFA Society Singapore
Member of CFA Society Milwaukee
Member of CFA Society Oklahoma
Program Administrator, DRC
Senior Head, Codes and Standards, Global Industry Standards, CFA Institute
Member of CFA Society Washington, DC
DRC Advisory Counsel
Director, Professional Conduct
Deputy General Counsel
Managing Director and Chief Legal Officer and General Counsel, Corporate Advisory Services
Sheri Littlefield oversees the organization's global legal services, compliance and risk management, and board services functions. As chief legal officer, she oversees all legal matters on a global basis and serves as advisor to CFA Institute leadership and Board of Governors. She directs and advises on global litigation, intellectual property protection strategies, transactional matters, employment issues, governance, and other in-house legal services.
Ms. Littlefield has practiced law in a variety of disciplines and matters encompassing complex transactions, international litigation, environmental law, international trade controls, antitrust, and employment law, among others. Most recently, she served as general counsel at GE Industrial Solutions in Charlottesville, Virginia, where she oversaw all legal and compliance issues for the business around the world. She has served as general counsel to GE Intelligent Platforms and as counsel to the Hudson River Program for the General Electric Company, which included the implementation of one of the largest and most logistically complex environmental dredging cleanups in U.S. history. Prior to joining GE, Ms. Littlefield was counsel in the Albany office of Nixon Peabody. She graduated from George Washington University with a Bachelor of Arts degree in political science and a minor in Japanese. Ms. Littlefield also earned a Juris Doctor degree from Boston University School of Law.
Head of Professional Conduct–Enforcement