Ethics and Professional Standards

CFA Level 3 · 5 questions

Key Takeaways

Applies the Asset Manager Code and GIPS standards specifically to portfolio managers.
Tests ethical judgment in client-facing scenarios, often through essay (constructed-response) questions rather than only item sets.

ethics1 / 5

Question 1Easy

Which of the following best describes the primary purpose of the CFA Institute Code of Ethics and Standards of Professional Conduct?

A.To protect the integrity of financial markets and the rights of investorsB.To establish minimum salary requirements for investment professionalsC.To provide legal protection against all lawsuitsD.To eliminate competition in the investment industry

Select an answer and check it