How do I map a CFA Ethics vignette to the right standard?
I often narrow Ethics questions to two choices and then guess. The choices both sound professional, but only one is right. Is there a better way to approach the vignette?
Start by identifying the duty at risk before reading the answer choices too closely. Ask who owes the duty, who is protected by the duty, and what action the standard requires.
Use a compact map:
For example, if an analyst receives a referral fee from a product sponsor, the issue is not whether the product is good. The issue is disclosure of the compensation arrangement and whether the recommendation remains suitable. If an answer says the analyst may proceed because the product performed well, it misses the conflict.
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