Standards of Professional Conduct

Question 1

I. Professionalism (4)

Answer 1

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

Question 2

II. INTEGRITY OF CAPITAL MARKETS (2)

Answer 2

A. Material Nonpublic Information.
B. Market Manipulation.

Question 3

III. DUTIES TO CLIENTS (5)

Answer 3

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

Question 4

IV. DUTIES TO EMPLOYERS (3)

Answer 4

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

Question 5

V. INVESTMENT ANALYSIS, RECOMMENDATIONS, AND ACTIONS (3)

Answer 5

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

Question 6

VI. CONFLICTS OF INTEREST (3)

Answer 6

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

Question 7

VII. RESPONSIBILITIES AS A CFA INSTITUTE MEMBER OR CFA CANDIDATE (2)

Answer 7

A. Conduct as Participants in CFA Institute Programs.
B. Reference to CFA Institute, the CFA Designation, and the CFA Program.