bmaggie

According to the CFA Institute Code of Ethics, CFA Institute Members and Candidates must do all of the following EXCEPT:

A) exercise independent judgment.

B) not knowingly violate the securities acts and laws.

C) act with integrity and dignity.

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Not knowingly violating the law is in the Standards of Professional Conduct, but is not in the Code of Ethics.

bmaggie

Which of the following is NOT part of the CFA Institute Code of Ethics. Members of CFA Institute will:

A) use reasonable care and exercise independent professional judgment.

B) recommend investments that maximize returns for a given level of risk.

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

bmaggie

The first component of the Code of Ethics does NOT explicitly say that a CFA Institute member will act with which of the following?

A) Integrity.

B) Solemnity.

C) Competence.

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Component one mentions all of these except solemnity.

bmaggie

According to the Code of Ethics, when practicing in a professional and ethical manner the goal is to:

A) reflect credit on members and the profession.

B) increase membership in CFA Institute.

C) resolve conflicts between clients and employers.

bmaggie

The first component of the Code of Ethics does NOT explicitly say that a CFA Institute member will act with which of the following?

A) Integrity.

B) Solemnity.

C) Competence.

bmaggie

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

A) strive to maintain and improve their competence and the competence of others in the profession.

B) act for the benefit of their clients and place their clients' interests before their own.

C) disclose to their employer all matters that reasonably could be expected to interfere with their duty to their employer or ability to make unbiased and objective recommendations.

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Striving to maintain and improve their competence and the competence of others in the profession is one of the components of the Code of Ethics, whereas the other statements are part of the Standards of Professional Conduct.

bmaggie

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

A) Reflect credit on the profession.

B) Act with integrity.

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

bmaggie

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

A) Reflect credit on the profession.

B) Act with integrity.

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

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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.

bmaggie

According to the Code of Ethics, a member reflects credit on the profession when a member:

A) practices in a professional and ethical manner.

B) consults with other members on a regular basis.

C) places the clients first.

bmaggie

According to the Code of Ethics, a member reflects credit on the profession when a member:

A) practices in a professional and ethical manner.

B) consults with other members on a regular basis.

C) places the clients first.

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Component four of the Code says that a member shall “Practice and encourage others to practice in a professional and ethical manner that will reflect credit on members and the profession.” Neither of the other choices are implied by the Code.