Ethics and Professional Standards

CFA Level 2 · 5 questions

Key Takeaways

Tests application of the same Code and Standards via longer, scenario-based item sets, often combined with other topic areas.
Weighted lower than at Level 1 — typically 10–15% — but mastery is still required since it shows up embedded in other vignettes.

ethics1 / 5

Question 1Easy

According to the CFA Institute Code of Ethics and Standards of Professional Conduct, which of the following best describes a member's primary obligation?

A.To act with integrity, competence, diligence, and respect, and in the best interests of clients and the integrity of the professionB.To maximize profits for their employer while maintaining minimal ethical standardsC.To prioritize their own financial interests above client interestsD.To follow only the laws and regulations of their home country

Select an answer and check it