Learning Sessions – Ethical and Professional Standards
Study Session 1 Reading 1 (56 in 2022) – Ethics and Trust in the Investment Profession Read our in-depth summary of Ethics and Trust in the Investment Profession – LOS 1a: explain ethics – LOS 1b: describe the role of a…
CFA Level 1 Study Notes – Quantitative Methods
2023 Syllabus Study Session 1 R01 2023 – Time Value of Money -LOS a: interpret interest rates as required rates of return, discount rates, or opportunity costs -LOS b: explain an interest rate as the sum of a real risk-free…
Standard 1(A) – Knowledge of the Law
[vsw id=”AKNjkuCMcUU” source=”youtube” width=”611″ height=”344″ autoplay=”no”] I. Professionalism Standard I is broad in scope and directed toward competence within a small business environment. This standard makes it clear high ethical standards must apply even when an issue hasn’t been identified…
Standard I(B) – Independence and Objectivity
[vsw id=”AKNjkuCMcUU” source=”youtube” width=”611″ height=”344″ autoplay=”no”] Standard I(B) – Independence and Objectivity addresses the issue of gifts, payment, and favors that may compromise one’s objectivity and service to clients. This includes advisors, analysts, and credit raters.
Standard I(C) – Misrepresentation
[vsw id=”AKNjkuCMcUU” source=”youtube” width=”611″ height=”344″ autoplay=”no”] Standard I(C) – Misrepresentation indicates that CFA members must not knowingly misrepresent information related to investment analysis, recommendations, or professional actions.
Standard I(E) – Competence
Members and Candidates must act with and maintain the knowledge and skills necessary to fulfill their professional responsibilities. Compliance Standard I(E) – competence requires members and candidates to apply and maintain the knowledge, skills, and diligence necessary to deliver…
Standard II(A) – Material Non-Public Information
II. Integrity of Capital Markets Standard II discusses sharing of material information qualified as non-public, as well as the intent to manipulate markets. It prohibits CFA members from acting in a way to distort market value through manipulation. Standard…
Standard II(B) – Market Manipulation
[vsw id=”6SD8qMigWp8″ source=”youtube” width=”611″ height=”344″ autoplay=”no”] Standard II(B) – Market Manipulation dictates that members refrain from any activity that will fraudulently manipulate volumes of trading and/or causes a distortion of securities pricing. Compliance Two key attributes of market manipulation are…
Standard III(A) – Loyalty, Prudence, and Care
[vsw id=”coTBbAxXxTA” source=”youtube” width=”611″ height=”344″ autoplay=”no”] III. Duties to Clients and Prospective Clients Standard III addresses client loyalty, discretion, and care; fair dealing; suitability; performance presentation; and maintaining confidentiality. Investment professionals are obligated to put the interests of their clients…
Standard III(B) – Fair Dealing
[vsw id=”coTBbAxXxTA” source=”youtube” width=”611″ height=”344″ autoplay=”no”] Standard III(B) – Fair Dealing indicates that CFA members must take advice and/or take action with all clients in a reasonable and objective manner. Compliance Standard III(B) – Fair Dealing urges members to treat…
