Standard II of the CFA® Program Code and Standards is about protecting the market itself. An instructor and a Level I candidate reason out loud through the two sub-standards of Integrity of Capital Markets: Material Nonpublic Information, including the mosaic theory and the two part test for what counts as material and nonpublic, and Market Manipulation. Using fully fictional scenarios, they work the situations the exam is built around, so you learn to reason through a vignette instead of guessing at it.

Part of a ten-part Ethics season walking through the Standards of Professional Conduct one at a time.

Free practice exam, 90 questions: tottenprep.com

Totten Prep is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep's products or services.

Standard I of the CFA® Program Code and Standards is where Ethics gets practical. An instructor and a Level I candidate reason out loud through the four sub-standards of Professionalism: Knowledge of the Law, Independence and Objectivity, Misrepresentation, and Misconduct. Using fully fictional scenarios, they work the situations the exam is built around, so you learn to reason through a vignette instead of guessing at it.

Part of a ten-part Ethics season walking through the Standards of Professional Conduct one at a time.

Free practice exam, 90 questions: tottenprep.com

Totten Prep is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep's products or services.

Season 1, Episode 1. Two hosts — an instructor and a Level I candidate — walk through how the CFA® Level I Ethics material is structured: the Code of Ethics, the seven Standards of Professional Conduct, how the exam frames ethics questions, and how to reason through vignettes instead of guessing. The grounding episode for a ten-part Ethics arc.

Free 90-question practice exam at tottenprep.com.

This podcast is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep's products or services.