[CFA Level I] 2, Ethical Decisions When the Legal Minimum Is Not Enough

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: * How ethical expectations differ from mere legal compliance in investment decision making * The core principle of Standard I(A) Knowledge of the Law regarding conflicting requirements * Why members and candidates must always adhere to the stricter law, rule, or regulation * Common exam traps involving rationalizations, disclosure limits, and local custom arguments * A practical decision framework for identifying stakeholders and taking appropriate action including dissociation This independent study resource is designed to supplement your candidate preparation for professional exams. For practice modules, visit https://open-exam-prep.com/practice/cfa-level1 and subscribe to our video channel at https://www.youtube.com/@Open-exam-prep . Sources checked: October 12, 2026 * https://www.cfainstitute.org/programs/cfa-program/candidate-resources/level-i-exam * https://www.cfainstitute.org/standards/professionals/code-ethics-standards