Ethics Curriculum for CFA® Level 1 (2020)

The CFA® Program includes the foundational knowledge that firms expect as well as the critical advanced investment analysis and portfolio management skills that are needed in investment management today. We update our curriculum regularly, so it reflects modern financial practices. Our candidates can bring what they’ve learned through the CFA Program to real-world scenarios.

The focus of this topic is ethics, related challenges to ethical behavior, and the role ethics and professionalism play in the investment industry. We provide a framework to support ethical decision making and examine CFA Institute Code of Ethics and Standards of Professional Conduct and Global Investment Performance Standards (GIPS®).