- CFA Exams
- 2025 Level I
- Topic 10. Ethical and Professional Standards
- Learning Module 1. Ethics and Trust in the Investment Profession
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Learning Outcome Statements PDF Download
| 1. Ethics explain ethics | |
| 2. Ethics and Professionalism describe the role of a code of ethics in defining a profession describe professions and how they establish trust describe the need for high ethical standards in investment management explain professionalism in investment management
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| 3. Challenges to Ethical Conduct identify challenges to ethical behavior | |
| 4. Ethical vs. Legal Standards compare and contrast ethical standards with legal standards | |
| 5. Ethical Decision-Making Frameworks describe a framework for ethical decision making |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.

Andrea Schildbach
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