Understanding Legal Knowledge for CFA Charterholders

Easy Cfa Institute Code And Standards Professionalism - Law Knowledge

As a CFA charterholder, you are expected to adhere to high ethical standards and possess knowledge of the laws and regulations that govern your profession. Imagine that you are approached by a new client who asks you about the legal requirements for sharing personal investment advice. Which of the following statements best reflects the legal knowledge you are required to have?

You may share personal investment advice without any legal concerns as long as you include a disclaimer.

You must ensure that any investment advice you share is compliant with local regulations and that you furnish appropriate disclosures.

Legal requirements for sharing personal investment advice vary by firm and should not concern individual charterholders.

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