Study Session 1: Ethical and Professional Standards
One of my favorite features of the new site is the ability to “tag” topics using one of the CFAI study sessions. For example, if you post a topic on ethics you can select Study Session 1: Ethical and Professional Standards so that your topic will show up in the filter for that study session. This will allow you and other members of AF to quickly access posts for a specific study session. To tag a new topic with a study session, simply choose that study session from the Filed Under categories above the Save button on the new forum topic page. Continue reading
Hello,
I am trying to figure out the differences between Standard 3(B) Fair Dealing and Standard 6(B) Priority of Transactions. To me, they seem very similar so I was wondering if anyone has any insight on how to tell them apart?
From what I have seen on this forum and others is that Fair Dealing deals with actions taken among the client base (large clients vs. small clients). Alternatively, Priority of Transactions seems to deal with action taken for all clients (placing personal trades before any client trade). Continue reading
Hey all
Please help me out with this Ethics question!!!
Suppose an employee of a firm leaves it and joins another competing firm. The employee contacts his previous clients by calling them. He had the contact details of these clients in his brain (memory). These details are neither public information nor available with the new firm that he joins. He also did not copy the contact details of the clients from the database of his previous employer. He just uses his memory to contact this client.
Is he violating the Code and Standards of CFA Institute? Continue reading
Hey all
Please help me out with this Ethics question!!!
Suppose an employee of a firm leaves it and joins another competing firm. The employee contacts his previous clients by calling them. He had the contact details of these clients in his brain (memory). These details are neither public information nor available with the new firm that he joins. He also did not copy the contact details of the clients from the database of his previous employer. He just uses his memory to contact this client.
Is he violating the Code and Standards of CFA Institute? Continue reading
Hi Guys, Could any of you please explain me the answers for following questions? Continue reading
Please help with two ethics questions which are both from mock exams.
[questions removed by admin]
Continue reading
Hi all,
I started of with the ethics part for Level 1 (dec. exam) and i’m just trying to get a hand on composites (GIPS part). Can I consider a mutual fund also as a composite and as a result should the performance of mutual funds (ideally) also reflect the GIPS standards?
much appreciated
Benjamin Continue reading
What is the differencee between a Primary and Secondary Fund Managers. Continue reading
Do we need to memorize what each code state or if we are familiar with it we can always respond to questions Continue reading
Per CFAI Ethics EOC Q32: Standard II(A) recommends adding securities to firm restricted list when the firm has material nonpublic information.
Schweser Mock 2 Morning paper Q16: Placing a stock on a restricted list or refusing to trade in the stock are violations of Standard II(A) since they involve acting or causing others to act on material nonpublic information.
Clearly conflicting points being made here….can anyone advise?
Thanks in advance,
Heathcliff Continue reading
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