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 IV(C) Supervisors practice questions
Standard IV(C) Supervisors 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 2 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 IV(C) Supervisors
A supervisor learns an employee may be front-running clients. The supervisor should first:
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Standard IV(C) Supervisors
A research director supervises analysts globally. The firm has a code of ethics but no preclearance, restricted-list, or social-media review procedure. After an analyst posts exaggerated claims, the director says full monitoring is impossible. The director's conduct is:
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