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Study Session 1: Ethical and Professional Standards

Level I Topics by CFAI Study Session

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.

2019 Dec Mock A AM Ethics question 5

Hi,

Given this is a mock question, I won’t post it, but for anyone who has access, can you please comment on question 5?

2019 Dec Mock A AM Ethics question 8

Hi,

Given this is a mock question, I won’t post it, but for anyone who has access, can you please comment on question 8?

The answer given in the solutions is B, however given the way the question is phrased it is not asking for Grace’s responsibility but instead if there is a violation of the Code, which, if Francesca was found cheating , there would have been [I(D) misconduct, VII(A) conduct of participants], regardless under who’s supervision she was at the time. 

Material Non Public - Buy ETF or Mutual Fund

So there’s question at practice material that we have this material non public info on a stock

Can we buy ETF that consist those stock?

I can’t find the question again so can’t check for the correct answer

GIPS Compliant

Good morning all,

I know this question has been asked several time but I am still a bit confused about the number of years that a company has to report Complimt performance in order to be GIPS Compliant.

my understanding was that it was 5years (except if the composite has been in existence for less than 5 years) and then adding a year every year to reach 10 years and keep 10 years of performances onwards.

the problem is the following practice problem:

CFA DEC 2019 Exam Denial Email

Hi,

I received notification regarding exam enrollment denial due to making an error as I answered the ethical questions.

I replied back stating that it was an error and the answer should have been “no”, but I still have not received any response yet.

It’ been 5 business days and I am worried so much…..

I was able to Google this issue and most candidates who responded received a response within 2~3 business days.

Has anyone experienced this issue and resolved …?

any advice is appreciated. 

Major confusion - Ethics "Additional Compensation Arrangements"

When is it ok to accept additional compensation? 

In some practice questions the answer is “reject the compensation”, in others it is ” not violation so long as you disclose in writing and get permission from employer”

Are there an key things i should be looking out for? like when it involves a client compensation for their own portfolio, then it’s ok?? Because either way I feel any additional compensation arrangement will bring into question your “independence and objectivity, or fairness to other clients” even if that is not the case.

Someone help please.