- CFA Exams
- CFA Level I Exam
- Topic 10. Ethical and Professional Standards
- Learning Module 69. Ethics and Trust in the Investment Profession
- Subject 4. Ethical vs. Legal Standards
CFA Practice Question
In the reading, one action may be considered ethical but may not be legal in certain jurisdictions. It is ______.
B. insider trading
C. strictly following disclosure requirements
A. whistleblowing
B. insider trading
C. strictly following disclosure requirements
Correct Answer: A
Some ethical behavior may be illegal.
User Contributed Comments 4
| User | Comment |
|---|---|
| jstid40 | I don't understand this question. Nothing in the question describes what would be considered whistleblowing. If the general idea is that "Some ethical behavior may be illegal", I get that, but the answer being "Whistleblowing" does not make sense to me. |
| jgarduno01 | Referencing the Reading: "Another area in which ethics and laws may conflict is the area of 'whistleblowing.'" |
| walterli | ex. Snowden |
| ZiruiGong | Snowden lmao |