Guidance for Standards I, II, and III (Professionalism, Integrity of Capital Markets, Duties to Clients)

Free CFA Level III: Private Markets lesson in Ethical & Professional Standards. 12 min read, ~1,828 words.

Standard I.A: when laws conflict, follow the stricter of local law, the law of the country governing the conduct, or the Code and Standards. Standard II.A: material nonpublic information cannot be traded on; the mosaic theory permits trading on public plus nonmaterial nonpublic analysis. Standard III.A: client interest above employer...

What this lesson covers

• Content
• Example 1
• Example 2
• Common Mistakes
• Check Your Understanding
• Exam Shortcuts

Learning objectives

• code and standards
• guidance i-vii
• application l3
• asset manager code

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