Guidance for Standards IV-VII

Free CFA Level II lesson in Ethical and Professional Standards. 15 min read, ~2,291 words.

IV(A): You may prepare to compete while employed (incorporate, lease space, hire) but must NOT solicit clients or take proprietary materials. Records created during employment belong to the employer. IV(B): Outside compensation from third parties requires WRITTEN employer consent. Verbal is insufficient. IV(C): Supervisor liability requires only inadequate procedures, not...