Standard III(A) Loyalty, Prudence, and Care requires placing whose interests first?

A The members own

B The clients interests ahead of the members own

C The employers

D The regulators

✓ Correct Answer: Option B

Members have a fiduciary duty to place client interests above their own.

💡 Why is B) the correct answer?

The correct answer to the question "Standard III(A) Loyalty, Prudence, and Care requires placing whose interests first?" is Option B: The clients interests ahead of the members own.

The other options — A) The members own, C) The employers, D) The regulators — are incorrect for this CFA Exam Prep question. As explained above: Members have a fiduciary duty to place client interests above their own.

📚 About This CFA Exam Prep Practice Question

This 1-level CFA Exam Prep question from the Ethical & Professional Standards topic is part of BrainForge Quiz's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free CFA Exam Prep practice test or use flashcards for spaced repetition review.

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Standard III(A) Loyalty, Prudence, and Care requires placing whose interests first?

✓ Correct Answer: Option B

📚 About This CFA Exam Prep Practice Question

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