Question #3
Reading: Reading 41 Code of Ethics
PDF File: Reading 41 Code of Ethics.pdf
Page: 1
Status: Correct
Correct Answer: B
Question
The Code of Ethics does NOT explicitly say that a CFA Institute member shall do which of the following?
Answer Choices:
A. Exercise independent professional judgment
B. Actively lobby for new laws to protect the public
C. Act with integrity
Explanation
The Code of Ethics says nothing about a CFA Institute member lobbying for new laws. In
fact, legal issues are not a part of the Code. The Standards of Professional Conduct say
that the member shall obey laws.