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CFA Level I · CFA Level I Exam · Code of Ethics and Standards of Professional Conduct

Which of the following sources of professional conduct investigations is most accurately described by the Handbook?

Members and candidates must self-disclose on the annual Professional Conduct Statement all matters that question their professional conduct, such as civil litigation or a criminal investigation. Investigations also arise from written complaints, public sources, and CFA Institute monitoring, so they are not limited to clients or employers.

  1. AInvestigations arise only from written complaints submitted by clients
  2. BMembers and candidates must self-disclose on the annual Professional Conduct Statement matters that question their professional conductCorrect
  3. CInvestigations are limited to matters reported by a member's employer

Explanation

The Handbook lists several sources: self-disclosure on the annual Professional Conduct Statement (such as civil litigation or a criminal investigation), written complaints, public information such as media or regulatory notices, and CFA Institute monitoring of exams and social media. The other options wrongly limit the sources.

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