DiscoverDeep Dive: CFA® Level I Prep 2025ETHICS - Standard II: Integrity of Capital Markets
ETHICS - Standard II: Integrity of Capital Markets

ETHICS - Standard II: Integrity of Capital Markets

Update: 2025-07-20
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Standard II protects the fairness and transparency of global capital markets. It focuses on two key areas: Material Nonpublic Information—ensuring analysts don’t misuse inside information—and Market Manipulation—prohibiting practices that distort prices or trading volume. The goal: promote investor confidence by keeping markets level and trustworthy.

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ETHICS - Standard II: Integrity of Capital Markets

ETHICS - Standard II: Integrity of Capital Markets

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