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 III(E) Preservation of Confidentiality practice questions
Standard III(E) Preservation of Confidentiality 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 3 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 III(E) Preservation of Confidentiality
A member may disclose confidential client information when:
View sampleEthical and Professional Standards
Standard III(E) Preservation of Confidentiality
A client tells her adviser she is using the account to transfer proceeds from a fraudulent scheme and instructs the adviser to keep the conversation private. Local law requires reporting suspected money laundering. The adviser's most appropriate action is to:
View sampleEthical and Professional Standards
Standard III(E) Preservation of Confidentiality
A client's adult son calls the client's adviser and says he needs portfolio details to help his parent with estate planning. The adviser has no authorization from the client. The adviser also has a pending CFA Institute Professional Conduct request related to the same account. The most appropriate conduct is to:
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