CFA Level 1: Study Session 1. Ethical and Professional Standards - Reading 1. Ethics and Trust in the Investment Profession

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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.

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