CAIA Level 1| 310 Questions and Answers (Graded A+)

Standard I(A) - Knowledge of Law - ANSWER-Understand and comply with all applicable laws, rules and regulations (including the CFA institutes code) of any government, regulatory organization, licensing agency, or professional association governing their professional activities. In the event of a conflict, comply with the more strict law, rule or regulation. Must not knowingly participate or assist in and must disassociate from any violation of such laws, rules or regulations Standard I(B)- Independence and Objectivity - ANSWER-Use reasonable care and judgement to achieve and maintain independence and objectivity in their professional activities. Must not offer, solicit, or accept any gifts, benefit, compensation or consideration that reasonably could be expected to compromise their own or another independence and objectivity Standard I(C)- Misrepresentations - ANSWER-Must not knowingly make any misrepresentations relating to investment analysis, recommendations actions or other professional activities Standard I(D) Misconduct - ANSWER-Must not engage in any professional conduct involving dishonesty, fraud, or deceit or commit any act that reflects adversely on their professional reputation, integrity or competence Standard II: Integrity of Capital Markets - ANSWER-A. Material Nonpublic Information B. Market Manipulation Standard I: Professionalism - ANSWER-A. Knowledge of the Law B. Independence and Objectivity C. Misrepresentation D. Misconduct Standard II(A) Material Nonpublic Information - ANSWER-Members and Candidates who possess material nonpublic information that could affect the value of an investment must not act or cause others to act on the information. Standard II B - Market Manipulation - ANSWER-Members must not engage in practices that distort prices or artificially inflate volume with the intent to mislead market participants Standard III: Duties to Clients - ANSWER-A. Loyalty, Prudence, and Care B. Fair Dealing C. Suitability D. Performance Presentation E. P