CFA Institute takes its self-imposed standards of conduct seriously. Members are required to adhere to the highest standards of professional conduct by pledging to uphold the CFA Institute
Code of Ethics and Standards of Professional Conduct. Violations of these agreements are taken seriously and can result in suspension of an individual’s Charter.
Alleged violations of the code and standards are investigated according to the
CFA Institute Bylaws and
Rules of Procedure for Professional Conduct
If an investigation determines a violation has occurred, a disciplinary sanction is recommended. The member and/or candidate may accept the recommended sanction or proceed to a hearing panel.
is published in
CFA Magazine or other CFA Institute publications.
Suspension of membership
Suspension of the right to use the CFA designation
Revocation of membership
Revocation of the right to use the CFA designation
Suspension from participation in the CFA Program
Prohibition from participation in the CFA Program
More information on the
Professional Conduct Program.