Standard 1: Professionalism

Question 1

A. Knowledge of the Law

Answer 1

• Understand and comply with all applicable laws, rules, and regulations (including the Code of Ethics and Standards of Professional Conduct
• In the event of conflict, comply with the more strict law, rule, or regulation.
• Do not knowingly participate or assist in any violation of such laws, rules, or regulations.
• Dissociate from any violation of such laws, rules, or regulations.

Question 2

B. Independence and Objectivity

Answer 2

• Use reasonable care and judgment to achieve and maintain independence and objectivity in their professional activities.
• Do not offer, solicit, or accept any gift, benefit, compensation, or consideration that reasonably could be expected to compromise their own or another’s independence and objectivity.

Question 3

C. Misrepresentation

Answer 3

• Do not knowingly make any misrepresentations relating to investment analysis, recommendations, actions, or other professional activities.

Question 4

D. Misconduct

Answer 4

• Do not engage in any professional conduct involving dishonesty, fraud, or deceit or commit any act that reflects adversely on their professional reputation, integrity, or competence.