Chapter 3: Guidance for Standards I–VII

In this section

• Standard I – Professionalism
  Standard I – Professionalism: Understanding applicable laws, maintaining independence, promoting objectivity, avoiding misrepresentation, and preventing misconduct in finance.
• Standard II – Integrity of Capital Markets
  Ensuring fair and transparent capital markets by preventing misuse of material nonpublic information and avoiding manipulative practices.
• Standard III – Duties to Clients
  Deep dive into CFA Standard III, highlighting essential duties to clients—loyalty, prudence, fair dealing, suitability, accurate performance reporting, and confidentiality—along with tips for exam success.
• Standard IV – Duties to Employers
  Explore Standard IV of the CFA Institute Code of Ethics: how to uphold loyalty, manage additional compensation, and fulfill supervisory obligations to employers.
• Standard V – Investment Analysis, Recommendations, and Actions
  In-depth exploration of CFA Standard V, emphasizing robust investment research, transparent communication, and diligent record-keeping for ethical and effective portfolio management.
• Standard VI – Conflicts of Interest
  Explore how to identify and manage conflicts of interest to uphold fiduciary responsibilities in the investment profession. Learn practical strategies for disclosure, priority of transactions, and referral fee policies, supported by real-world examples.
• Standard VII – Responsibilities as a CFA Institute Member or CFA Candidate
  In-depth coverage of Standard VII, focusing on ethical responsibilities for CFA members and candidates, including accurate credential representation and exam confidentiality.
• Integrating Technological Advancements into Ethical Guidance
  Explore how CFA Standards I–VII can be adapted to modern financial technologies, including AI, algorithmic trading, and remote work. Learn best practices for data security, transparency, and unbiased decision-making.