It’s that favourite time of year again when the Ethics textbook is to be opened. After reading the standards from the CFA text for levels 1 & 2, how essential is it that level 3 standards are read from the CFA text?
Same as L1 and L2. They should be easy points, so why not re-read them. From what I’m told, L3 ethics are just as grey.
Do not underestimate Level 3 ethics. I never scored below 70 on the L 1 and 2 exams, never below 80 on any Level 3 practice exam, and then failed them on the actual exam last year. So. Just read the CFAI text and don’t underestimate the power of ethics so you won’t be a Level 3 2nd timer like me.
L3 ethics is tough… re-read the official book again.
Anyone got a good source of some practice Ethics questions? I have done all the questions from Sch and CFAI Text.
More important than reading the Ethics material again, IMHO, is to process it. I wrote out the Standards along with the recommended application/guidance offered. I think Schweser has this outline already complied at the end of Book 1 (or they did last year). The LOSes are all about evaluating the Standard and recommend how the Standards should apply.