Standard VII(B) – Reference to CFA Institute, the CFA Designation, and the CFA Program
Application 1: Stating Facts About the CFA® Designation and CFA® Program Dorothy Chen, CFA, is in conversation with one of her mentees – Hannah Blake. Blake is considering sitting the CFA Level I exam and is asking Chen for her…
Standard VII – Responsibilities as a CFA Institute Member or CFA Candidate
Standard VII(A) – Conduct as participants in CFA Institute programs Members and Candidates must not participate in any activity that jeopardizes CFA Institute’s or the CFA designation’s reputation, integrity, or security of CFA Institute programs. Application 1: Writing After Exam…
Standard VI(C) – Referral Fees
Members and Candidates must disclose any remuneration, consideration, or advantages received from or provided to anyone to recommend products or services to their employer, clients, and prospective clients, as applicable. Application 1: Disclosure of Interdepartmental Referral Agreements Britney Sullivan works…
Standard VI(B) – Priority of transactions
Client and employer investment transactions must take precedence over investment transactions in which a member or candidate is the beneficial owner. Application 1: Family Account as Equals Gia Davies, a senior trader at InvestCorp Brokerage, has recently helped her sister…
Standard VI – Conflicts of Interest
Standard VI(A) – Disclosure of Conflicts All issues that could reasonably be expected to compromise their independence and objectivity or conflict with their respective duties to their clients, prospective clients, and employer must be disclosed fully and fairly by Members…
Standard V(C) – Record Retention
Members and Candidates must create and keep relevant documents to support their investment analysis, suggestions, actions, and other investment-related discussions with customers and prospects. Application: Records of The Firm Scott Garcia is the head of quantitative research at Green Point…
Standard V(B) – Communication with Clients and Prospective Clients
Members and Candidates must: Immediately disclose to customers and prospective clients the basic format and broad principles of the investing procedures they employ to analyze investments, choose securities and construct portfolios, as well as any modifications that may materially influence…
Standard V – Investment Analysis, Recommendations, and Action
Standard V(A) – Diligence and Reasonable Basis Members and Candidates must: Analyze investments, give investment recommendations, and take investment activities with diligence, independence, and completeness. Have a reasonable and adequate basis for any investment analysis, recommendation, or action, backed by…
Standard IV(C) – Responsibilities of Supervisors
Members and Candidates are responsible for ensuring that anybody under their supervision or responsibility follows all applicable laws, rules, regulations, and the CFA Institute Code and Standards. Application 1: Supervising Research Activities Joy Silverstone, CFA, is the head of research…
Standard IV(B) – Additional Compensation Arrangements
Members and Candidates must acquire written consent from all parties concerned before accepting gifts, benefits, remuneration, or other incentives that competes with or could reasonably be expected to create a conflict of interest with their employer’s interest. Members and candidates…
