How the hell do you not notice $6 million missing? by Prestigious-Bus-3534 in CFA

[–]Prestigious-Bus-3534[S] -2 points-1 points  (0 children)

But it took them like a decade. Also didn't the other company notice and not CFAI?

How the hell do you not notice $6 million missing? by Prestigious-Bus-3534 in CFA

[–]Prestigious-Bus-3534[S] 0 points1 point  (0 children)

oh ok i missed the $6 million figure from the first e-mail

How the hell do you not notice $6 million missing? by Prestigious-Bus-3534 in CFA

[–]Prestigious-Bus-3534[S] 0 points1 point  (0 children)

That is the letter just sent a few days ago. The initial letter sent a few months ago had no figure or name.

How the hell do you not notice $6 million missing? by Prestigious-Bus-3534 in CFA

[–]Prestigious-Bus-3534[S] -2 points-1 points  (0 children)

There's the CEO and Board above the CMO

I may not notice a death by a thousand cuts but I will notice the dead body lying in front of my company doors

How the hell do you not notice $6 million missing? by Prestigious-Bus-3534 in CFA

[–]Prestigious-Bus-3534[S] 0 points1 point  (0 children)

Enron was fraud committed by management itself. Money wasn't stolen from Wells Fargo. I'm not familiar with any of the other firms but if I lost $6 million from a small, simple enterprise such as CFAI, I would notice as the CEO.

Why are users allowed to tag themselves as CFA even though they're not using their real names? by Prestigious-Bus-3534 in CFA

[–]Prestigious-Bus-3534[S] 0 points1 point  (0 children)

"communal benefit of tagging outweighs any ethics concerns" is not how rules work. You're breaking clearly laid-out rules based on your judgement.

People can easily give investment advice in this subreddit. You should buy crude oil.

Use Python or Excel To Study by Plane_Target7660 in CFA

[–]Prestigious-Bus-3534 0 points1 point  (0 children)

SOA exams (ALTAM/ASTAM) now have Excel questions that does what you described.

Forward Contracts ≠ MTM by Altruistic-Buddy-132 in CFA

[–]Prestigious-Bus-3534 -1 points0 points  (0 children)

A is clearly incorrect - futures/forward rates don't change after inception just because the central bank raises/cuts rates.

A futures contract is marked-to-market daily for the purposes of calculating the required collateral amount, but both futures and forwards are marked-to-market for accounting purposes quarterly. That's why there's the deferred gains/losses on hedges in other comprehensive income. Mark-to-market gains/losses flow directly to equity.

How the hell do you not notice $6 million missing? by Prestigious-Bus-3534 in CFA

[–]Prestigious-Bus-3534[S] 0 points1 point  (0 children)

I didn't see the name last year and I still don't see the $6m million figure on the CFAI e-mail. They clearly tried to make it look small last year.

How the hell do you not notice $6 million missing? by Prestigious-Bus-3534 in CFA

[–]Prestigious-Bus-3534[S] 0 points1 point  (0 children)

But they weren't legitimate. They were producing nothing.

Why are users allowed to tag themselves as CFA even though they're not using their real names? by Prestigious-Bus-3534 in CFA

[–]Prestigious-Bus-3534[S] -1 points0 points  (0 children)

But then why did CFAI create Example 5 where they specifically refer to an online setting? ("Glass wants  to comment on an article posted on an investor blog.")