Question #18
Reading: Reading 41 Code of Ethics
PDF File: Reading 41 Code of Ethics.pdf
Page: 6
Status: Incorrect
Correct Answer: B
Your Answer: C
Question
Which of the following is a component of the Code of Ethics? CFA Institute members shall:
Answer Choices:
A. use particular care in determining applicable fiduciary duty
B. use reasonable care and exercise independent professional judgment
C. not knowingly participate or assist in any violation of laws, rules, or regulations
Explanation
Using reasonable care and exercising independent professional judgment is one of the
components of the Code of Ethics, whereas the other statements are part of the Standards
of Professional Conduct.