Relationships with and Responsibilities to the Profession

A

Relationships with and Responsibilities to the Profession are dealt with under Standard II.

In the CFA® (Chartered Financial Analyst) Level 1 curriculum, the topic of relationships with and responsibilities to the profession is covered under Standard I: Professionalism.

Standard I focuses on the duties and responsibilities that CFA® charterholders and candidates have towards the investment profession, their clients, and other market participants. It sets forth the ethical and professional conduct expected from CFA® charterholders and candidates.

The primary purpose of Standard I is to promote and maintain the highest level of integrity, competence, and professionalism among investment professionals. It outlines the ethical and professional responsibilities that should be upheld by CFA® charterholders and candidates.

Standard I includes several sub-sections that address specific areas of responsibility, including:

1. Knowledge of the Law: CFA® charterholders and candidates are required to comply with all applicable laws, rules, and regulations governing their professional activities. They should stay informed about changes in laws and regulations that may affect their work.

2. Independence and Objectivity: CFA® charterholders and candidates should exercise independent professional judgment and avoid conflicts of interest that could compromise their objectivity. They should act in the best interests of their clients and avoid any actions that could impair their ability to make unbiased and objective investment decisions.

3. Misrepresentation: CFA® charterholders and candidates should not knowingly make any false or misleading statements about their qualifications, services, or performance records. They should present accurate and complete information to clients and prospective clients.

4. Misconduct: CFA® charterholders and candidates should not engage in any conduct that reflects adversely on their professional reputation or the integrity of the investment profession. They should avoid any activities that could damage the reputation of the CFA® designation.

5. Professionalism: CFA® charterholders and candidates should maintain a high level of professionalism in their interactions with clients, colleagues, and other market participants. They should strive to continually enhance their professional skills and knowledge.

Given the above explanation, the correct answer to the question is D. Standard I.