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Ethical & Professional StandardsModule 3 of 5

Guidance for Standards I–VII

8

Concepts

0

Formulas

1

Decisions

5

Quiz Questions

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Key Concepts

8 concepts covered in this module.

I(A) Knowledge of the Law

Must understand and comply with applicable laws and regulations. Follow the stricter of law or CFA Standards. Must dissociate from violations.

I(B) Independence & Objectivity

Must not offer/accept gifts that could compromise independence. Research must be free from issuer influence. Disclose conflicts.

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Decision Frameworks

1 decision frameworks to guide your analysis.

Mosaic Theory: When can you trade on nonpublic info?

  • Mosaic theory: combine public info + non-material nonpublic info to form a conclusion
  • Conclusions from public analysis, industry research, expert network (public channels)

Mind Map

Visual overview of how concepts connect in this module.

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Flashcard

I(A) Knowledge of the Law

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Answer
Must understand and comply with applicable laws and regulations. Follow the stricter of law or CFA Standards. Must dissociate from violations.
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Code of Ethics and Standards of Professional Conduct

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Introduction to GIPS