Members and Candidates must exercise reasonable caution and discretion in their professional actions to establish and preserve independence and objectivity. They are prohibited from offering, soliciting, or accepting any gift, benefit, remuneration, or other inducement that could reasonably be considered to…

At the end of this reading, you should  be able to: LOS (a): evaluate practices, policies, and conduct relative to the CFA Institute Code of Ethics and Standards of Professional Conduct; LOS (b): explain how the practices, policies, and conduct…

Standard III (E) – Preservation of Confidentiality Members and Candidates 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;…

Standard VI (C) – Referral Fees Members and Candidates must disclose to their employer, clients, and prospective clients, as appropriate, any compensation, consideration, or benefit received from or paid to others for the recommendation of products or services. Guidance Members…

Standard VI (B) – Priority of Transactions Investment transactions for clients and employers must have priority over investment transactions in which a Member or Candidate is the beneficial owner. Guidance Client transactions must always take priority over transactions made on…

Standard VI (A) – Disclosure of Conflicts Members and candidates must avoid or fully disclose all matters that could reasonably be expected to impair their independence and objectivity or interfere with respective duties to their clients, prospective clients, and employer. Members and…

Standard V (C) – Record Retention Members and Candidates must develop and maintain appropriate records to support their investment analyses, recommendations, actions, and other investment-related communications with clients and prospective clients. Members and Candidates must retain records that support their…

Standard V (B) – Communication with Clients and Prospective Clients Under Standard V(B), members and candidates are required to communicate comprehensively and clearly with clients and prospective clients about various aspects of their services. These disclosures include the nature and…

Standard V (A) – Diligence and Reasonable Basis Members and Candidates must: Exercise diligence, independence, and thoroughness in analyzing investments, making investment recommendations, and taking investment actions. Have a reasonable and adequate basis, supported by appropriate research and investigation, for…

Standard IV (C) – Responsibilities of Supervisors Members and Candidates must make reasonable efforts to ensure that anyone subject to their supervision or authority complies with applicable laws, rules, regulations, and the Code and Standards. Members and Candidates with supervisory…