Cfa Level 1 Ethical And Professional Standards

Tags: CFA

Ethics course covering the CFA level I curriculum|Plus 144 practice questions with answers|Prof. James Forjan, PhD, CFA

Last updated 2022-01-10 | 4.5

- CFA Level 1 Ethical and Professional Standards + Practice Questions

What you'll learn

CFA Level 1 Ethical and Professional Standards + Practice Questions

* Requirements

* Be enrolled in the CFA Program and registered for the CFA Level 1 exam

Description

Wouldn’t it be great if studying for the CFA® exam was as easy as watching TV?
With AnalystPrep video lessons, it is!

Our video lessons follow the same pattern as the 57 readings from the curriculum, with the exception that we emphasize on the LOS – the learning objectives on which exam questions are based! Plus we add convenient mathematical examples throughout so that you are better prepared on the big day.

Professor James Forjan, who has taught college-level finance classes for over 23 years, summarizes Level I of the CFA exam curriculum in 57 clear and simple videos. With a clear passion for teaching, Prof. Forjan has worked in the CFA exam preparation industry for decades after earning his charter in 2004. His resume includes:

BS in accounting
MSc in Finance
PhD in Finance (minor in Economics and two PhD level classes in Econometrics)
Has taught at different 6 universities (undergraduate and graduate-level Finance classes)
Co-author of investment books
Has crafted, edited, updated, and upgraded a multitude of CFA exam type questions at all levels
And much more…

This course includes:

Videos covering each Ethics reading (downloadable)
Downloadable Powerpoint slides (in PDF format)
144 Ethics practice questions with detailed answers (PDF files)

In this course, Prof. James Forgan, PhD, CFA, summarizes each Ethics reading and standard of professional conduct so you can learn or review all of the important concepts from CFA Level 1 Ethical and Professional Standards. James Forjan has taught college-level business classes for over 25 years. Ethical and Professional Standards represents 15 percent of the total CFA L1 exam, so Prof. Forjan will make sure you understand well all of the intricacies related to this chapter.

This course also includes 144 practice questions in PDF format from AnalystPrep's mock exams. The answers file includes detailed explanations and the referring LOS. Learn from the #1 rated CFA & FRM preparation institution − AnalystPrep.

The readings covered in this course are:

Reading 1 – Ethics and Trust in the Investment Profession
Reading 2 – Code of Ethics and Standards of Professional Conduct
Reading 3 – Guidance for Standards I-VII
Standard I – Professionalism
- (A) Knowledge of the law
- (B) Independence and objectivity
- (C) Misrepresentation
- (D) Misconduct
Standard II – Integrity of Capital Markets
- (A) Material non-public information
- (B) Market manipulation
Standard III – Duties to Clients and Prospective Clients
- (A) Loyalty and prudence
- (B) Fair dealing
- (C) Suitability
- (D) Performance presentation
- (E) Preservation of confidentiality
Standard IV – Duties to Employers
- (A) Loyalty
- (B) Additional compensation arrangements
- (C) Responsibilities of supervisors
Standard V – Investment Analysis, Recommendations, and Action
- (A) Diligence and Reasonable basis
- (B) Communication with clients and prospective clients
- (C) Records retention
Standard VI – Conflicts of Interest
- (A) Disclosure of conflicts
- (B) Priority of transactions
- (C) Referral fees
Standard VII – Responsibilities as a CFA Institute Member or CFA Candidate
- (A) Conduct as participants in CFA Institute programs
- (B) Reference to CFA Institute, CFA designation, and CFA program
Reading 4 – Introduction to
the Global Investment Performance Standards (GIPS)
Reading 5 – The GIPS Standards

Who this course is for:

CFA Level 1 candidates

Course content

4 sections • 13 lectures

Introduction 2 lectures

Reading 1 – Ethics and Trust in the Investment Profession Preview 12:00

Reading 1 – Ethics and Trust in the Investment Profession

– LOS 1a: explain ethics
– LOS 1b: describe the role of a code of ethics in defining a profession
– LOS 1c: identify challenges to ethical behavior
– LOS 1d: describe the need for high ethical standards in the investment industry
– LOS 1e: distinguish between ethical and legal standards
– LOS 1f: describe and apply a framework for ethical decision-making

Reading 2 – Code of Ethics and Standards of Professional Conduct Preview 07:06

Reading 2 – Code of Ethics and Standards of Professional Conduct

– LOS 2a: describe the structure of the CFA Institute Professional Conduct Program and the process for the enforcement of the Code and Standards
– LOS 2b: state the six components of the Code of Ethics and the seven Standards of Professional Conduct
– LOS 2c: explain the ethical responsibilities required by the Code and Standards, including the sub-sections of each Standard

Reading 3 – Guidance for Standards I-VII 7 lectures

Standard I – Professionalism Preview 14:40

Reading 3 – Guidance for Standards I-VII

Standard I – Professionalism

(A) Knowledge of the law
(B) Independence and objectivity
(C) Misrepresentation
(D) Misconduct

Standard II – Integrity of Capital Markets Preview 15:38

Standard II – Integrity of Capital Markets

(A) Material non-public information
(B) Market manipulation

Standard III – Duties to Clients and Prospective Clients Preview 16:48

Standard III – Duties to Clients and Prospective Clients

(A) Loyalty and prudence
(B) Fair dealing
(C) Suitability
(D) Performance presentation
(E) Preservation of confidentiality

Standard IV – Duties to Employers Preview 11:30

Standard IV – Duties to Employers

(A) Loyalty
(B) Additional compensation arrangements
(C) Responsibilities of supervisors

Standard V – Investment Analysis, Recommendations, and Action Preview 15:56

Standard V – Investment Analysis, Recommendations, and Action

(A) Diligence and Reasonable basis
(B) Communication with clients and prospective clients
(C) Records retention

Standard VI – Conflicts of Interest Preview 11:15

Standard VI – Conflicts of Interest

(A) Disclosure of conflicts
(B) Priority of transactions
(C) Referral fees

Standard VII – Responsibilities as a CFA Institute Member or CFA Candidate Preview 08:51

Standard VII – Responsibilities as a CFA Institute Member or CFA Candidate

(A) Conduct as participants in CFA Institute programs
(B) Reference to CFA Institute, CFA designation, and CFA program

Global Investment Performance Standards (GIPS) 2 lectures

Reading 4 – Introduction to the Global Investment Performance Standards (GIPS) Preview 10:07

Reading 4 – Introduction to
the Global Investment Performance Standards (GIPS)

– LOS 4a: explain why the GIPS standards were created, what parties the GIPS standards apply to, and who is served by the standards
– LOS 4b: explain the construction and purpose of composites in performance reporting
– LOS 4c: explain the requirements for verification

Reading 5 – The GIPS Standards Preview 17:40

Reading 5 – The GIPS Standards

– LOS 5a: describe the key features of the GIPS standards and the fundamentals of compliance
– LOS 5b: describe the scope of the GIPS standards with respect to an investment firm’s definition and historical performance record
– LOS 5c: explain how the GIPS standards are implemented in countries with existing standards for performance reporting and describe the appropriate response when the GIPS standards and local regulations conflict
– LOS 5d: describe the nine major sections of the GIPS standards