Standards Flashcards
what is knowledge of the law standard number?
standard 1 - A
Suitability is under which category?
Duties to clients - standard 3- C
What is: independence and objectivity standard number?
standard 1 - B
Under: Suitability, M&C are in a relationship with whom?
Clients
Duties to employers is which standard number?
Standard 4
Under: Market Manipulation, M&C must?
not engage in practices that distort prices or artificially inflate trading volume with the intent to mislead market participants.
Under Responsibilities as a CFA Institute Member or CFA Candidate, standard b is?
Reference to CFA Institute, the CFA Designation, and the CFA Program
The 3 categories under Duties to employers are:
A- Loyalty
B- Additional Compensation Arrangements
C - Responsibilities of supervisors
what category is fair dealing?
Duties to clients - standard 3 - B
What is: standard 2 name?
Integrity of Capital Market
Under: Additional Compensation Arrangements, M&C must?
must not accept gifts, benefits, compensation, or consideration that competes with or might reasonably be expected to create a conflict of interest with their employer’s interest unless they obtain written consent from all parties involved.
What are the 3 categories under the: INVESTMENT ANALYSIS, RECOMMENDATIONS, AND ACTIONS, of standard 5
A-Diligence and Reasonable Basis
B- Communication with Clients and Prospective Clients
C- Record Retention
What standard is number 5
INVESTMENT ANALYSIS, RECOMMENDATIONS, AND ACTIONS
What standard is number 3
Duties to clients
Under: Misrepresentation, M&C must?
not knowingly make any misrepresentations relating to investment analysis, recommendations, actions, or other profes- sional activities.
What standard is number 4
Duties to employer
Under: Material Nonpublic information, M&C should?
who possess material nonpublic information that could affect the value of an investment must not act or cause others to act on the information.
What are the 2 categories under RESPONSIBILITIES AS A CFA INSTITUTE MEMBER OR CFA CANDIDATE
A- Conduct as Participants in CFA Institute Programs
B - Reference to CFA Institute, the CFA Designation, and the CFA Program
Under: Conduct as Participants in CFA Institute Programs,
What should M&C do?
- must not engage in any conduct that compromises the reputation or integrity of CFA Institute or the CFA designation or the integrity, validity, or security of CFA Institute programs.
Under: Preservation of Confidentiality, M&C should do what?
must keep information about current, former, and
prospective clients confidential unless:
- The information concerns illegal activities on the part of the client or prospective client,
- Disclosure is required by law, or
- The client or prospective client permits disclosure of the information.
What standard is number 2
INTEGRITY OF CAPITAL MARKETS
Under standard 5 - C, Record Retention, M&C must?
must develop and maintain appropriate records to support their investment analyses, recommendations, actions, and other investment-related communications with clients and prospective clients.
Standard 4 - C is?
Responsibilities of supervisors
What is standard 7 - A
Conduct as Participants in CFA Institute Programs