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Reading 1- LOS A - Q21

21The Code of Ethics does NOT explicitly say that a CFA Institute member shall do which of the following?

A)   Act with integrity.

B)   Actively lobby for new laws to protect the public.

C)   Reflect credit on the profession.

D)   Exercise independent professional judgment.

The correct answer was B)     

The Code of Ethics says nothing about a CFA Institute member lobbying for new laws. In fact, legal issues are not a part of the Code. The Standards of Professional Conduct say that the member shall obey laws.

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