Ethics

Question 1

What are the 7 main categories for the Standards of Professional Conduct?

Answer 1

I. Professionalism
II. Integrity of Capital Markets
III. Duties to Clients
IV. Duties to Employers
V. Investment Analysis, Recommendations, and Actions
VI. Conflicts of Interest
VII. Responsibilities as a CFA Institute Member or CFA Candidate

Question 2

What are the sub categories of Professionalism?

Answer 2

A. Knowledge of Law
B. Independence and Objectivity
C. Misrepresentation
D. Misconduct

Question 3

What are the sub categories of Integrity of Markets?

Answer 3

A. Material Nonpublic information

B. Market Manipulation

Question 4

What are the sub categories of Duties to Clients?

Answer 4

A. Loyalty, Prudence, and Care
B. Fair Dealing
C. Suitability
D. Performance Presentation
E. Preservation of Confidentiality

Question 5

What are the sub categories of Duties to Employers?

Answer 5

A. Loyalty
B. Additional Compensation Arrangements
C. Responsibilities of Supervisors

Question 6

What are the sub categories of Investment Analysis, Recommendations, and Actions?

Answer 6

A. Diligence and Reasonable Basis
B. Communication with Clients and Prospective Clients
C. Record Retention

Question 7

What are the sub categories of Conflicts of Interest?

Answer 7

A. Disclosure of Conflicts
B. Priority of Transactions
C. Referral Fees

Question 8

What are the sub categories of Reference to CFA Institute, the CFA Designation, and the CFA program?

Answer 8

A. Conduct as Members and Candidates in the CFA Program

B. Reference to CFA Institute, the CFA Designation, and the CFA Program