- CFA Exams
- CFA Exam: Dec. 2020 Level 1
- Study Session 1. Ethical and Professional Standards
- Reading 1. Ethics and Trust in the Investment Profession
- Subject 5. Ethical vs. Legal Standards
CFA Practice Question
There are 361 practice questions for this study session.
B. insider trading
C. strictly following disclosure requirements
Some ethical behavior may be illegal.
User Contributed Comments 3You need to log in first to add your comment.
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.
Referencing Reading 1, page 18, second to last paragraph: "Another area in which ethics and laws may conflict is the area of 'whistleblowing.'"