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CFA Level I · CFA Level I Exam · Guidance for Standard I: Professionalism

Under Standard I(D) Misconduct, Members and Candidates are most likely prohibited from:

Standard I(D) prohibits professional conduct involving dishonesty, fraud, or deceit and any act that reflects adversely on a member's professional reputation, integrity, or competence. Political opinions or investment losses alone do not breach it, because the standard targets dishonest or reputation-damaging conduct.

  1. Aengaging in any act that reflects adversely on their professional reputation, integrity, or competenceCorrect
  2. Bholding personal political views that differ from those of their employer
  3. Cmaking investment recommendations that later produce losses for clients

Explanation

Standard I(D) states that Members and Candidates must not engage in professional conduct involving dishonesty, fraud, or deceit or commit any act that reflects adversely on their professional reputation, integrity, or competence. Differing political views and recommendations that lose money are not misconduct in themselves.

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