CFA Level 1 Ethics Exam 30 Questions with Answers,100% CORRECT
6 views 0 purchase
Course
CFA Level 1 - Ethics
Institution
CFA Level 1 - Ethics
CFA Level 1 Ethics Exam 30 Questions with Answers
The Standard of Professional Conduct - CORRECT ANSWER I. Professionalism
II. Integrity of Capital Markets
III. Duties to Clients
IV. Duties to Employers
V. Investment Analysis, Recommendations and Actions
VI. Conflicts of Interest
VII. Re...
CFA Level 1 Ethics Exam 30 Questions with Answers
The Standard of Professional Conduct - CORRECT ANSWER I. Professionalism
II. Integrity of Capital Markets
III. Duties to Clients
IV. Duties to Employers
V. Investment Analysis, Recommendations and Actions
VI. Conflicts of Interest
VII. Responsibilities as a CFA Inst. Mem. or CFA Cand.
I. Professionalism - CORRECT ANSWER A. Knowledge of the Law
B. Independence and Objectivity
C. Misrepresentation
D. Misconduct
II. Integrity of Capital Markets - CORRECT ANSWER A. Material Nonpublic Information
B. Market Manipulation
III. Duties to Clients - CORRECT ANSWER A. Loyalty, Prudence and Care
B. Fair Dealing
C. Suitability
D. Performance Presentation
E. Preservation of Confidentiality
IV. Duties to Employers - CORRECT ANSWER A. Loyalty
B. Additional Compensation Agreements
C. Responsibilities of Supervisors
V. Investment Analysis, Recommendations and Actions - CORRECT ANSWER A. Diligence and Reasonable Basis
B. Communication with Clients and Prospective Clients
C. Record Retention
VI. Conflicts of Interest - CORRECT ANSWER A. Disclosure Conflicts B. Priority of Transactions
C. Referral Fees
VII. Responsibilities as a CFA Institute Member or CFA Candidate - CORRECT ANSWER A. Conduct as Mem. and Cand. in the CFA Program
B. Reference to CFA Inst., the CFA Desig. and CFA Program
I.A. Knowledge of the Law - CORRECT ANSWER Members and Candidates must understand and comply with all applicable laws, rules, and regulations (including the CFA Institute Code of Ethics and Standards of Professional Conduct) of any government, regulatory organization, licensing agency, or professional association
governing their professional activities. In the event of conflict, Members and Candidates must not knowingly participate or assist in and must disassociate from
any violation of such laws, rules, or regulations.
I.B. Independence and Objectivity - CORRECT ANSWER Members and Candidates must use reasonable care and judgment to achieve and maintain independence and objectivity in their professional activities. Members and Candidates must not offer, solicit, or accept any gift, benefit, compensation, or consideration that reasonably could be expected to compromise their own or another's independence and objectivity.
I.C. Misrepresentation - CORRECT ANSWER Members and Candidates must not knowingly make any misrepresentations relating to investment analysis, recommendations, actions, or other professional activities.
I.D. Misconduct - CORRECT ANSWER Members and Candidates must not engage in
any professional conduct involving dishonesty, fraud, or deceit or commit any act that reflects adversely on their professional reputation, integrity, or competence.
II.A. Material Nonpublic Information - CORRECT ANSWER Members and Candidates who possess material nonpublic information that could affect the value of an investment must not act or cause others to act on the information.
II.B. Market Manipulation - CORRECT ANSWER Members and Candidates must not
engage in practices that distort prices or artificially inflate trading volume with the
intent to mislead market participants.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller paulhans. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.99. You're not tied to anything after your purchase.
