Study Session 2: Ethical and Professional Standards: Application
I’m wondering how everyone is studying for Ethics. The majority of the material is similar to level 1, and time constantly seems to be against me. Did you use your notes from level 1 to study, and verify that it was similar to the level 2 material? Did anyone find any large differences in the code and standards between both levels? I’ve gotten through about half of the material, and so far there hasn’t been any significant differences.
What is the relevance of the statement , ‘Distribute new issues by client, not by portfolio manager’?
Thanks to you all here on AF. Im so excited i got over 70% all sections except economics.Was quite worried esp after my ordeal on the exam day - www.analystforum.com/forums/cfa-forums/cfa-level-ii-forum/91333889;
Under the New Prudent Investor Rule, diversification is one of the basic investment principles that determine prudent practice, and is normally required of trustees unless it is clearly imprudent to do so.
Can anybody give me an example when it is imprudent to diversify?
Many thanks in advance.
If there is a hot issue coming up and I allocate to my spouse’s account ahead of other clients, I would violate priority of transactions. But if I don’t allocate to my parent’s just like other clients, I would be in violation also.
SPOILER ALERT FOR THOSE WHO HAVENT DONE LAST CFAI MOCK
I am attacking the last CFA mock (not the one dubbed ‘March’ mock) and note that some questions are quite similar (read: the same) as the practice test questions.
Is that the case or am i going mad?
If so, I feel pretty short changed as i have been working up this mock to gauge preparedness, and i am faced with questions i have already done.
Any views on this please?
A charterholder always tell prospective clients that “Im a charterholder and the CFA is the highest creditial in the global investment management” and the question asks if this is compliance with standards. My reaction was “NO” as this implies superior …, but the answer says this is acceptable and in compliance with the standard. Does anyone think otherwise like me???
CFAI mock 2009
Can someone please clarify what cfai considers to be immediate family? I read somewhere that it has to do with living in the same house but that doesn’t seem right. Help? Thanks.
Hi, anyone knows when the cfa last updated the code of ethics/standards? need to know how far i can go to previous questions
Study together. Pass together.
Join the world's largest online community of CFA, CAIA and FRM candidates.