This module is part of the 2027 curriculum. You are following the 2026 curriculum, where it is not taught in this form. Switch if you are sitting the exam under the 2027 curriculum.
Lesson 1 of 1 · 14 min
Standard IV: Duties to Employers
Be loyal to your employer while you work there, get written consent before taking outside pay that could conflict, and if you supervise people, make reasonable efforts to prevent and detect their violations.
In short
- IV(A) Loyalty: act for your employer's benefit, do not deprive it of your skills, do not divulge its confidential information, do not harm it. Client interests still come first.
- Preparing to compete is allowed; soliciting clients or taking records before you leave is not. After leaving, you may contact former clients using public information unless a noncompete forbids it.
- Whistleblowing that breaks employer rules is justified only to protect clients or market integrity, not for personal gain.
- IV(B) Additional Compensation Arrangements: get written consent from all parties involved (in practice, your employer) before accepting compensation or benefits that compete or may conflict with the employer's interest.
- IV(C) Responsibilities of Supervisors: make reasonable efforts to ensure everyone under your supervision or authority complies, whether or not they are CFA members, through adequate compliance systems that prevent and detect violations.
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