What to know
Identify the rule, formula, or decision criterion before reading the answer choices. CFA Level I distractors often use the right vocabulary with the wrong condition.
Ethical and Professional Standards
Standard I(D) Misconduct practice questions
Standard I(D) Misconduct is part of CFA Level I Ethical and Professional Standards. Ethics questions test judgment under the Code and Standards, especially duties to clients, employers, markets, and the CFA Program. Use this page to review the controlling ideas, then work through 4 questions with answer explanations and common traps.
Review the worked explanations before moving into adaptive practice. The app version can mix this topic with due reviews and weak related concepts.
Practice this topicHow to practice
Work each item under time pressure, then compare your reasoning with the step-by-step explanation and key takeaway.
Review signal
Missed questions should become scheduled reviews when the error comes from a concept gap, formula setup, or answer-choice trap.
Ethical and Professional Standards
Standard I(D) Misconduct
Fraudulent personal conduct that reflects adversely on professional reputation most directly relates to:
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Standard I(D) Misconduct
A portfolio manager is convicted of embezzling funds from a local charity unrelated to work. The conduct most likely:
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Standard I(D) Misconduct
A candidate who manages portfolios falsifies expense reports for a charity where he volunteers as treasurer. No client or employer assets are involved. Under the Standards, the conduct is best described as:
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Standard I(D) Misconduct
A portfolio manager is arrested for a minor parking-related offense unrelated to dishonesty and promptly resolves it. Separately, he submits altered taxi receipts for reimbursement from his employer. Which conduct is most likely a violation of Standard I(D)?
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