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MODULE 01 — Ethics (Ethical and Professional Standards)

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Tutorial lessons

Lesson2026-07-11

ETH 1 Ethics and Trust in the Investment Profession

Why the investment business runs on trust, what marks a profession off from an ordinary occupation, and how a decision framework helps you act well when the rulebook runs out. Check-yourself items are

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Lesson2026-07-11

ETH 2 Code of Ethics and Standards of Professional Conduct

The framework CFA Institute uses to define and enforce ethical conduct: the Code, the seven Standards, and how breaches are investigated. Check-yourself items are study aids. The Handbook, the Code, a

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Lesson2026-07-11

ETH 3 Guidance for Standard I: Professionalism

How the duties under Standard I apply when law, incentives, and pressure pull against a client’s interest. Check-yourself items are study aids. Standard I(A): Knowledge of the Law Standard I(A)

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Lesson2026-07-11

ETH 4 Guidance for Standard II: Integrity of Capital Markets

How Standard II keeps markets fair: it bars trading on inside information and bars manipulating prices or trading volume. Check-yourself items are study aids. Standard II(A): Material and Nonpublic In

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Lesson2026-07-11

ETH 5 Guidance for Standard III: Duties to Clients

The five duties an investment professional owes to the people whose money is at stake, with cases that separate compliant conduct from violations. Check-yourself items are study aids. How the Five Dut

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Lesson2026-07-11

ETH 6 Guidance for Standard IV: Duties to Employers

The obligations a member or candidate owes to the firm that employs them, with cases that separate compliant conduct from breaches. Check-yourself items are study aids. What Standard IV Asks of an Emp

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Lesson2026-07-11

ETH 7 Guidance for Standard V: Investment Analysis, Recommendations, and Actions

What a professional must do before, during, and after forming an investment view: the work behind it, the way it is communicated, and the records kept to prove it. Check-yourself items are study aids.

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Lesson2026-07-11

ETH 8 Guidance for Standard VI: Conflicts of Interest

How investment professionals recognize competing interests and manage them by avoidance, disclosure, or putting the client first, with cases that separate compliant conduct from breaches. Check-yourse

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Lesson2026-07-11

ETH 9 Guidance for Standard VII: Responsibilities as a CFA Institute Member or CFA Candidate

How Standard VII governs conduct inside CFA Institute programs and how a member or candidate may refer to CFA Institute, the CFA designation, and candidacy. Check-yourself items are study aids. Overvi

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Lesson2026-07-11

ETH 10 Application of the Code and Standards: Level I

A guided walk through applied cases that test conduct against the Code and Standards, standard by standard. Check-yourself items are study aids. The Ethical Decision-Making Framework This module conta

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