Guidance for Standards I-III

Free CFA Level II lesson in Ethical and Professional Standards. 15 min read, ~2,284 words.

I(A): When local law conflicts with CFA Standards, follow whichever is more strict, if you cannot comply with both, disassociate. I(B): Independence is evaluated by the reasonable observer standard, actual compromise need not be proven. II(A): Mosaic theory works only when EVERY individual piece is nonmaterial, one material input destroys...