Reading 2- Code of Ethics and Standards of Professional Conduct CFA® Exam Level 1 Course Content CFA Institute Professional Conduct Program Six Components of the Code of Ethics Seven Standards of Professional Conduct Standard I – Professionalism (Standards of Professional Conduct) Standard II – Integrity of Capital Markets Standard III – Duties of Clients Standard IV – Duties to Employers Standard V – Investment Analysis, Recommendations, and Actions Standard VI – Conflicts of Interest Standard VII – Responsibilities of a CFA Institute Member or CFA Candidate