2、John Elliot, CFA, says that in issues of ethics he always puts the clients first according to the guidelines in the Code of Ethics. In doing so he is:

A)   not correct because no such ordering or priority is given in the Code.

B)   not correct because his first duty is to the public.

C)   not correct because his first duty is to his employer as long as the employer is enforcing the Standards.

D)   correct.

The correct answer was A)

Component one mentions duties to the public, clients, prospects, employers, employees, and fellow members. No ordering of priorities is given.