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CFA Level I · CFA Level I Exam · Ethics and Trust in the Investment Profession

Which of the following is most likely a requirement of the CFA Institute Code of Ethics for members and candidates?

The Code requires members and candidates to place the integrity of the investment profession and the interests of clients above their own personal interests. It also calls for reasonable care and independent professional judgment, not reliance on colleagues or maximizing employer returns.

  1. APlace client interests above their own personal interests, along with the integrity of the investment professionCorrect
  2. BMaximize returns for the employer in all professional activities
  3. CRely on the recommendations of colleagues instead of independent judgment

Explanation

The Code requires members and candidates to place the integrity of the investment profession and the interests of clients above their own personal interests. It also requires independent professional judgment, which rules out relying on colleagues, and has no requirement to maximize employer returns.

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