bmaggie

All of the following are components of the Code of Ethics EXCEPT:

A) demonstrating diligence, independence, and thoroughness when preparing investment reports.

B) using reasonable care and exercising independent professional judgment.

C) striving to maintain and improve their competence and the competence of others in the profession.

bmaggie

All of the following are components of the Code of Ethics EXCEPT:

A) demonstrating diligence, independence, and thoroughness when preparing investment reports.

B) using reasonable care and exercising independent professional judgment.

C) striving to maintain and improve their competence and the competence of others in the profession.

---

Demonstrating diligence, independence, and thoroughness when preparing investment reports is found in the Standards of Professional Conduct.

bmaggie

Which of the following is a component of the Code of Ethics? CFA Institute members shall:

A) not knowingly participate or assist in any violation of laws, rules, or regulations.

B) use reasonable care and exercise independent professional judgment.

C) use particular care in determining applicable fiduciary duty.

bmaggie

Which of the following is a component of the Code of Ethics? CFA Institute members shall:

A) not knowingly participate or assist in any violation of laws, rules, or regulations.

B) use reasonable care and exercise independent professional judgment.

C) use particular care in determining applicable fiduciary duty.

---

Using reasonable care and exercising independent professional judgment is one of the components of the Code of Ethics, whereas the other statements are part of the Standards of Professional Conduct.

bmaggie

In dealing with the public and others, the CFA Institute Code of Ethics indicates that CFA Institute members will act with:

A) confidence, knowledge, and high ethical standards.

B) honesty, professionalism, and goodwill.

C) integrity, competence, and respect.

bmaggie

In dealing with the public and others, the CFA Institute Code of Ethics indicates that CFA Institute members will act with:

A) confidence, knowledge, and high ethical standards.

B) honesty, professionalism, and goodwill.

C) integrity, competence, and respect.

---

Integrity, competence, and respect are included in the first component of the Code of Ethics.

bmaggie

Which of the following is NOT an act explicitly referred to in the Code of Ethics?

A) Giving free introductory seminars on investing to the public.

B) Using reasonable care when making investment recommendations.

C) Improve professional competence.

bmaggie

Which of the following is NOT an act explicitly referred to in the Code of Ethics?

A) Giving free introductory seminars on investing to the public.

B) Using reasonable care when making investment recommendations.

C) Improve professional competence.

---

Although the Code says a member has obligations to the public, educating the general public for whatever reason is not implied.

bmaggie

Which of the following is a component of the Code of Ethics?

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

B) Members and candidates shall not engage in any conduct or commit any act that compromises the integrity of the CFA designation or the integrity or validity of the examinations leading to the award of the right to use the CFA designation.

C) Members shall not copy or use, in substantially the same form as the original, material prepared by another without acknowledging and identifying the name of the author, publisher, or source of such material. Members may use, without acknowledgment, factual information published by recognized financial and statistical reporting services or similar sources.

bmaggie

Which of the following is a component of the Code of Ethics?

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

B) Members and candidates shall not engage in any conduct or commit any act that compromises the integrity of the CFA designation or the integrity or validity of the examinations leading to the award of the right to use the CFA designation.

C) Members shall not copy or use, in substantially the same form as the original, material prepared by another without acknowledging and identifying the name of the author, publisher, or source of such material. Members may use, without acknowledgment, factual information published by recognized financial and statistical reporting services or similar sources.

---

This is a component of the Code of Ethics. Others pertain to the Standards of Practice.