Need some Opinions on CFA

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1095
Hey Ppl,

I tried to register for the June 2008 CFA AIMR. But the registration process was only allowing me to select CIPM program and not the CFA.

Has anybody registered for CFA June 2008 in India?


Right now we are not allowed to register for the CFA programme everyone is waiting for the court's decision.
1096
the first one is a million dollar question.. Just mail them and find out to be sure.. I think apart from Nepal you would need a VISA even for 1 day no??

And to the second question.. Its better if you get the 2008 notes.. Why risk it when you are already investing so much.. Talk to the Laxmi Copy Place guy.. His address and phone number is there in the pages before.. He has the set available from Saturday I think..


to apply from another country, i guess one should have an address over there.. so one can move to Nepal (no visa reqd) for one day with a frnd's address and appear for L1 in june.. correct me if i'm wrong
1097

You surely could but that would come under the heading of unethical.. If these guys find out , there is a high probability that they wont, you would be out of your fees and be blacklisted for sure.. My take is that its better to wait for the final hearing of the case to take place before taking such a drastic step.. But if you do go ahead please keep us informed..

Anyway on a different note could anyone please explain why ISB which also doesn't have AICTE approval :wow::wow: is allowed to function while the CFA people had to wind up the operations?? :confused::confused:Just a thought.. Would love to have clarification on this..

bissvr Says
to apply from another country, i guess one should have an address over there.. so one can move to Nepal (no visa reqd) for one day with a frnd's address and appear for L1 in june.. correct me if i'm wrong
1098

plse post the address cant find it

the first one is a million dollar question.. Just mail them and find out to be sure.. I think apart from Nepal you would need a VISA even for 1 day no??

And to the second question.. Its better if you get the 2008 notes.. Why risk it when you are already investing so much.. Talk to the Laxmi Copy Place guy.. His address and phone number is there in the pages before.. He has the set available from Saturday I think..
1099
You surely could but that would come under the heading of unethical.. If these guys find out , there is a high probability that they wont, you would be out of your fees and be blacklisted for sure.. My take is that its better to wait for the final hearing of the case to take place before taking such a drastic step.. But if you do go ahead please keep us informed..

Anyway on a different note could anyone please explain why ISB which also doesn't have AICTE approval :wow::wow: is allowed to function while the CFA people had to wind up the operations?? :confused::confused:Just a thought.. Would love to have clarification on this..


thanx for the enlightening thoughts :), will keep u posted
we need some drastic steps here thanks to a stupid case,, i don't know who's getting benefitted by all these mess..

i guess the conflict started at the first place bcoz both ICFAI and CFAI(US) give the same degree i.e. CFA and that's why ICFAI moved to court stating that CFAI(US) is misleading students by giving some fake(!!) degree whose copyright lies with ICFAI.. this happened bcoz ICFAI was operating in india before CFAI came here..
1100
thanx for the enlightening thoughts :), will keep u posted
we need some drastic steps here thanks to a stupid case,, i don't know who's getting benefitted by all these mess..

i guess the conflict started at the first place bcoz both ICFAI and CFAI(US) give the same degree i.e. CFA and that's why ICFAI moved to court stating that CFAI(US) is misleading students by giving some fake(!!) degree whose copyright lies with ICFAI.. this happened bcoz ICFAI was operating in india before CFAI came here..

aicte order on cfa is not a suo motto order ie taken after icfai filled the petition challenging operation of cfa(usa) in india without aicte approval... cfa oppose the same with the argument that it is no provider of technical course under the ambit of engineering and management which should be regulated by aicte and thus no approval from aicte is needed...ISB till date has no such claims against its operation and if there is any claim... it is one of the more vulnerable case for a shut down(as per law of land regulatin management education)...copyright is another case and as per the current status cfa institute (usa) got decison in its favour from delhi high court and icfai is not allowed to confer cfa charter... cfa(aimr) started operation in india with icfai and few years down the line icfai had its own ambitions and thus they were seperate organisations conferring cfa charter... tussle and cases started from that point only
1101

So basically they are making our life miserable on a technicality?? :wow::wow: Regarding the CFA charter?? ICFAI now does not give out a CFA correct they have MS in Finance or something like that right?? They must be the sorest losers on the block.. I mean just for money they are ready to hold hostage all the students who want to better their careers.. If you have a grudge just update and upgrade your curriculum and make it so that people choose you over others.. Nice to know that we can get ISB closed down but not CFA opened up.. Weird world we live in..:):)

sanjeev suman Says
aicte order on cfa is not a suo motto order ie taken after icfai filled the petition challenging operation of cfa(usa) in india without aicte approval... cfa oppose the same with the argument that it is no provider of technical course under the ambit of engineering and management which should be regulated by aicte and thus no approval from aicte is needed...ISB till date has no such claims against its operation and if there is any claim... it is one of the more vulnerable case for a shut down(as per law of land regulatin management education)...copyright is another case and as per the current status cfa institute (usa) got decison in its favour from delhi high court and icfai is not allowed to confer cfa charter... cfa(aimr) started operation in india with icfai and few years down the line icfai had its own ambitions and thus they were seperate organisations conferring cfa charter... tussle and cases started from that point only
1102

You bought the books and stuff??

thanx for the enlightening thoughts :), will keep u posted
we need some drastic steps here thanks to a stupid case,, i don't know who's getting benefitted by all these mess..

i guess the conflict started at the first place bcoz both ICFAI and CFAI(US) give the same degree i.e. CFA and that's why ICFAI moved to court stating that CFAI(US) is misleading students by giving some fake(!!) degree whose copyright lies with ICFAI.. this happened bcoz ICFAI was operating in india before CFAI came here..
1103

ICFAI SUCKS. is aimr is giving fake degrees what r they giving?????????

1104
Gaurava Sahi Says
So basically they are making our life miserable on a technicality?? :wow::wow: Regarding the CFA charter?? ICFAI now does not give out a CFA correct they have MS in Finance or something like that right?? They must be the sorest losers on the block.. I mean just for money they are ready to hold hostage all the students who want to better their careers.. If you have a grudge just update and upgrade your curriculum and make it so that people choose you over others.. Nice to know that we can get ISB closed down but not CFA opened up.. Weird world we live in..:):)

icfai is an organisation concerned with profit and so is cfa(usa)... only thing is that cfa is very well recognised and not icfai... infact cirriculum wise icfai is wider then cfa(but all indian courses have those bulky cirriculum rather then the practical orientation)... so lets not talk abt curriculum... and ethically (pls note thats one of the most important aspect of the finance profession) both have not performed upto the expectation(though cfa has the upper hand because of its recent conduct)... icfai n aimr both are good n none have those fake degrees(its only recognition)... Here the major culprit (according to me) is our regulatory and judicial system...they let them exploit the loopholes for their own means...
1105
Gaurava Sahi Says
You bought the books and stuff??


got the xerox copy of the schweser material from a shop here in mumbai,, it must be available in delhi too and yes it's pretty cheap..:)
1106

Folks,
I want to appear for the CFAL1 in June and am waiting for the court decision. The CFA India website says that the decision is pending. Can u guys tell me whats a pending decision?

1107

Any idea when to expect a decision. There have been no updates from CFAI or the courts for a very long time...

1108

hi anyone has the Level 2 videos??? looking for em for sometime now

1109
baldeagle007 Says
Any idea when to expect a decision. There have been no updates from CFAI or the courts for a very long time...


yeah, it has been a long time since last update came out on 1st November.. no updates on the site since then..
1110

guys ,,pls post the link for L2 videos,,can't find it ne where

1111

BAD NEWS

CFA banned by high court...
courtsey ICFAI....(Business standrad front page-dated-15 dec)...
so guyz wats in store for us now....i believe the raod to CFA has come to an end..

Ankit sethi :(:(:(:(:(

1112
BAD NEWS

CFA banned by high court...
courtsey ICFAI....(Business standrad front page-dated-15 dec)...
so guyz wats in store for us now....i believe the raod to CFA has come to an end..

Ankit sethi :(:(:(:(:(


yeah, the full article..
--------------------------------------------

HC rejects CFA appeal

The hopes of thousands of Indian students who wanted to pursue a Chartered
Financial Analyst (CFA) course in India have been dashed.
The Delhi High Court has dismissed the US-based CFA Institutes petition
against the All India Council for Technical Education (AICTE) the
technical education regulation body that it should be allowed to operate
in India.
The CFA Institute had already ceased operations in India by not
registering fresh candidates for its Level One course in September, and
also by holding its December 2007 examinations abroad. However, it still
has around 10,500 Indian students at three levels.
Consequently, the thousands of first- and second-level students
(comparable to first year and second year) will now have to go abroad to
pursue the CFA course if they still wish to do so. This would mean an
additional expense of thousands of dollars besides heartburn and anxiety.
The CFA Institute has been running the course in India since 1995. The
cost of the CFA programme, on an average, works out to be $3000 including
registration, course material and examination costs. The CFA programme is
in huge demand across the world. The institute has over 76,000 CFAs as
members.
In May this year, the CFA Institute was challenged by the ICFAI, through
its University in Tripura, when the latter moved the Guwahati High Court,
alleging that the US-based institute was marketing the CFA programme in
India without obtaining AICTE permission.
The Guwahati High Court had directed the AICTE to determine whether the
CFA Institute must seek approval for the CFA programme from the AICTE.
The CFA Institute, however, had argued that it does not need an AICTE
clearance to operate in India, as it neither offers a degree or diploma in
CFA nor is it running an institute or university in the country.
It reasoned that it is a professional association that offers a
designation or a certification.
When contacted, a CFA spokesperson said: We are disapointed with today's
decision. We feel that this ruling goes against the best interests of
Indian investment professionals, employers and the Indian investing
community. Once we receive the court's written opinion, well review it
carefuly to evaluate our position and determine our future course of
action.
1113

Here's the mail I received from CFA institute

"Dear colleagues,
We are disappointed to inform you that the Delhi High Court has ruled against CFA Institute in its case against the AICTE. We feel that this ruling is not in the best interests of those who are interested in earning the CFA designation, Indian employers, and the Indian investment community.
Once we receive the court's written opinion, we'll review it carefully to evaluate our position and determine our future course of action.
Please continue to check www.cfainstitute.org/india for additional updates as they become available.
Sincerely,
CFA Institute"

1114

close this bloody ICFAI . assholes