CFA Ethics

Knowledge of the Law

1: professionalism

Independence and objectivity

1: professionalism

misrepresentation

1: professionalism

misconduct

1: professionalism

Competence

1: professionalism

material nonpublic information

2: Integrity of capital markets

Market manipulation

2: integrity of capital markets

loyalty, prudence, and care

3: duties to clients

Fair dealing

3: duties to clients

Suitability

3: duties to clients

Performance presentation

3: duties to clients

Preservation of confidentiality

3: duties to clients

Loyalty

4: duties to employers

Additional compensation arrangements

4: duties to employers

Responsibilities of supervisors

4: duties to employers

Diligence and reasonable basis

5: investment analysis, recommendations, and actions

Communications with clients and prospective clients

5: investment analysis, recommendations, and actions

Record retention

5: investment analysis, recommendations, and actions

Avoid or disclose conflicts

6: conflicts of interest

Priority of transactions

6: conflicts of interest

Referral fees

6: conflicts of interest

Conduct as participants in CFA institute program

7: Responsibilities as a CFA M/C

Reference to CFA institute, the CFA designation, and the CFA program

7: Responsibilities as a CFA M/C