The duty of loyalty under CFA standards primarily runs to:

A The employer only

B Clients, and specifically to place client interests above personal or employer interests

C Regulators only

D Personal accounts first

✓ Correct Answer: Option B

Standard III(A): client loyalty is paramount. Client interests come before the members own and the employers.

💡 Why is B) the correct answer?

The correct answer to the question "The duty of loyalty under CFA standards primarily runs to:" is Option B: Clients, and specifically to place client interests above personal or employer interests.

The other options — A) The employer only, C) Regulators only, D) Personal accounts first — are incorrect for this CFA Exam Prep question. As explained above: Standard III(A): client loyalty is paramount. Client interests come before the members own and the employers.

📚 About This CFA Exam Prep Practice Question

This 2-level CFA Exam Prep question from the Ethics & 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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The duty of loyalty under CFA standards primarily runs to:

✓ Correct Answer: Option B

📚 About This CFA Exam Prep Practice Question

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