Reading 57: Code of Ethics and Standards of Professional Conduct

Which body within the CFA Institute is responsible for the enforcement of the Code and Standards?

Which of the following events is LEAST likely to prompt an inquiry by the Professional Conduct staff?

If a member rejects a disciplinary sanction proposed by the Professional Conduct staff, what is the next step in the process?

How many components make up the CFA Institute Code of Ethics?

Which of the following is a component of the Code of Ethics?

Under Standard I(A) Knowledge of the Law, if there is a conflict between applicable laws and the Code and Standards, members must:

Which Standard prohibits members from accepting gifts that could reasonably be expected to compromise their independence?

Standard I(C) Misrepresentation prohibits members from knowingly making misrepresentations relating to:

According to Standard I(D) Misconduct, members must not engage in any professional conduct involving:

Standard II(A) Material Nonpublic Information prohibits acting on information that:

Standard II(B) Market Manipulation prohibits practices that distort prices or artificially inflate trading volume with the intent to:

Under Standard III(A) Loyalty, Prudence, and Care, members must act for the benefit of:

Standard III(B) Fair Dealing requires members to deal fairly and objectively with:

When in an advisory relationship, Standard III(C) Suitability requires members to make a reasonable inquiry into a client's:

Standard III(D) Performance Presentation requires members to make reasonable efforts to ensure that investment performance information is:

According to Standard III(E) Preservation of Confidentiality, members must keep information confidential unless:

Standard IV(A) Loyalty requires members to act for the benefit of their employer and not:

Under Standard IV(B) Additional Compensation Arrangements, members must not accept gifts that compete with their employer's interest unless they obtain:

Standard IV(C) Responsibilities of Supervisors requires members to make reasonable efforts to ensure that anyone subject to their supervision complies with:

Standard V(A) Diligence and Reasonable Basis requires members to exercise:

Standard V(B) Communication with Clients and Prospective Clients requires members to disclose:

Under Standard V(B), members must distinguish between:

Standard V(C) Record Retention requires members to develop and maintain appropriate records to support:

Standard VI(A) Disclosure of Conflicts requires full and fair disclosure of matters that could reasonably be expected to impair:

According to Standard VI(B) Priority of Transactions, investment transactions for clients and employers must have priority over:

Standard VI(C) Referral Fees requires disclosure of any consideration received for the recommendation of products or services to:

Standard VII(A) Conduct as Participants in CFA Institute Programs prohibits conduct that compromises the:

When referring to the CFA designation, Standard VII(B) prohibits members from:

Under the Code of Ethics, members must act with:

Which of the following is NOT one of the seven Standards of Professional Conduct?

Under Standard III(E), which of the following is an exception permitting disclosure of confidential information?

Standard I(B) requires members to maintain independence and objectivity. This includes avoiding acceptance of:

Standard II(B) Market Manipulation includes artificially inflating:

Standard III(C) Suitability requires judging the suitability of investments in the context of:

Under Standard V(B), members must promptly disclose any changes that might materially affect:

Standard VI(A) Disclosure of Conflicts requires disclosures to be:

Standard VII(B) prohibits members from compromising the integrity of:

Which standard requires members to distinguish between fact and opinion?

Standard III(A) Loyalty, Prudence, and Care requires members to exercise:

Under Standard IV(C), if a member cannot discharge supervisory responsibilities because of an inadequate compliance system, the member should:

How many Standards of Professional Conduct are there?

Standard I(A) Knowledge of the Law applies to laws governing:

Under Standard I(A), members must not knowingly participate or assist in:

Standard II(A) Material Nonpublic Information states that members who possess such information:

Standard IV(A) Loyalty states that in matters related to their employment, members must not deprive their employer of the advantage of their:

Standard V(B) Communication with Clients requires members to disclose significant:

Standard VI(B) Priority of Transactions applies to transactions in which a Member or Candidate is:

Standard VII(A) prohibits members from engaging in conduct that compromises the security of:

Which Standard requires members to maintain and improve their professional competence?

Standard I(C) Misrepresentation includes a prohibition against: