The Leader in CFA® Review
  1. CFA Exam: Dec. 2019 Level I
  2. Study Session 1. Ethical and Professional Standards
  3. Reading 1. Ethics and Trust in the Investment Profession

Learning Outcome Statements

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1. Ethics

a. explain ethics;
2. Ethics and Professionalism

b. describe the role of a code of ethics in defining a profession;
3. Challenges to Ethical Conduct

c. identify challenges to ethical behavior;
4. The Importance of Ethical Conduct in the Investment Industry

d. describe the need for high ethical standards in the investment industry;
5. Ethical vs. Legal Standards

e. distinguish between ethical and legal standards;
6. Ethical Decision-Making Frameworks

f. describe and apply a framework for ethical decision making.