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.
In desperate need of assistance from any Ethics gods out there. CFA seems to contradict itself when it comes to disclosures. Do the following require written disclosures (or is notifying suffice) to employers and/or clients, provided they are related to non-competitive actions?
-Individual practices (when it involves compensation and what about if it doesn’t?)
-Job arrangements prior to leaving (my understanding is this requires no notification/disclosure?)
-Additional monetary compensation (all forms?)
If regulations in the subject country say records need only be retained for 5 years, are records still subject to a 7 year retention period of does the 5 year requirement apply in this case?
Hope your preparation is going well!
I haven’t seen many questions around what the general rules are if an employee leaves a firm. I understand general restraints would apply per contract, but what would general rules be if:
a) Employee leaves a firm, an old client approaches them within the next few days and asks them to look after their portfolio at their new firm? Would the employee have to refuse (noting they have not solicited the client)
Does less than 50% in Ethics means Fail even if you you score more than 70% in all other topic areas?
Anybody else in the same boat? EOCs I got all correct…however, TTs only 25% correct! What am I missing? Somebody please guide.
Researcher, trading for himself after trading for clients & not alongside clients, is applicable only in case of thinly traded shares or even in case where the shares are highly liquid blue chip?
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