CFA® Level 1: CFA® Level 1 Exam - Ethics and Professional Standards

CFA® Level 1 Exam - Ethics and Professional Standards

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Question

Edwin Hubble, who works for a respectable investment advisory firm, recently found out that his supervisor has been engaging in "front-running," i.e., executing transactions for personal accounts before client accounts. As an AIMR member, he is required to do all of the following EXCEPT?

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A. B. C. D.

A

Standard I does not require a member to report the illegal activity to the appropriate regulatory authorities, though it may be prudent to do so in many cases if it is evident that the activity is illegal.