Application of Standards at Level II

Free CFA Level II lesson in Ethical and Professional Standards. 13 min read, ~1,906 words.

L2 ethics uses vignette format, read the ENTIRE scenario before answering any question. When multiple Standards are implicated, identify the MOST DIRECT violation, the Standard whose language most precisely describes the prohibited conduct. Five patterns dominate: front-running (VI(B)), selective dissemination (III(B)), conflicted research (I(B)), dual-role conflict (VI(A)), inadequate supervision (IV(C))...

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Example 1
Example 2
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application level ii

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