Reading 1- LOS A - Q22 black

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22、There are six components of the CFA Institute Code of Ethics. All of the following are part of the Code of Ethics EXCEPT:

A)   Practice and encourage others to practice in a professional and ethical manner that will reflect credit on members and their profession.

B)   Strive to maintain and improve the competence of others in the profession.

C)   Strive to maintain and improve the competence of regulatory bodies such as the Securities and Exchange Commission (SEC).

D)   Use reasonable care and exercise independent professional judgment.

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The correct answer was C)

The Code of Ethics governs only the conduct of members and individuals in the profession, not the conduct of regulatory bodies. The first component of the CFA Institute Code of Ethics is to act with integrity, competence, diligence, respect, and in an ethical manner when dealing with the public, clients, prospects, employers, employees, and fellow members.