Guidance for Standards I-III

Free CFA Level II lesson in Ethical and Professional Standards. 16 min read, ~2,348 words.

I(A): When local law conflicts with CFA Standards, follow the stricter rule; if you cannot comply with both, disassociate. I(B): Independence uses the reasonable observer standard; actual compromise need not be proven, and disclosure alone does not cure a conflict. II(A): Mosaic theory works only when EVERY individual piece is...