Ethics Study Strategy? studying, through, ethics, guides

ramdabom

Hey guys,

For those who've done it, what strategy did you take in studying ethics? I am through my review of the "other" stuff and per others' recommendation saved ethics for last so I didn't forget it all closer to the test.

I will study out of the CFA cirriculum as opposed to Elan guides that I used for other stuff, but is it simply read through and try to digest? Did you take notes? Just trying to devise a plan of attack and wondering if anyone had a method that worked well for these "wordy" topics.

Any help appreciated, thanks!

former

read through the Code of Ethics that they have on the CFAI website, it has a ton of examples and problems, prob don't have to read the whole thing as it is massive, just scroll through & print the end of section problems. Study the same way as you should be with other sections- do all the problems you can find. Good luck, somehow they make the questions very tricky.

liquidity

Read it from the curriculum thoroughly once now and once again in May. Make sure you do the questions in the curriculum as well. I didn't pass last year, but did well on Ethics on the mock and the real test.

meghanjackson

For the test, do you need to know the order of each of the 7 standards and sub-standards (i.e. be able to state that Standard II (B) is Market Manipulation)?

Or do you just need to be able to identify when something violates the Standards and why?

Dapper425

no no, just identification- which standard it violates

SkipE99

You'll need to know the numbers (is it a violation of Standard III or IV). Also play very close attention to the nuances and examples in the CFA books.

On the actual exam, you're going to see questions that draw really fine lines between two standards, and you have to identify which is the more applicable. For example, you know it's a violation, and you know it pertains to both III and IV, but you have to choose and it's difficult.

Houjichasan

Hank I don't think you have to know the numbers...can you back that up?

troymo

you DONT need to know the numbers

Palantir

thanks for the backup bhabib

Analti_Calte

Ok, so don't worry about memorizing numbers. Cool, thanks. What are good sources for practice? Obviously EOC, I don't think I have any Elan questions. Also found the pdf of 50 or so Ethics questions on the CFA website. Any other good sources?

Thanks for your help guys!