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Basic Question 4 of 4

Which statement is true?

A. The law is always the best mechanism to reduce unethical behavior by market participants.
B. All legal behaviors are ethical because laws and regulations often codify ethical actions that lead to better outcomes for society or specific groups of stakeholders.
C. Some ethical behaviors may not be legal.

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Thanks again for your wonderful site ... it definitely made the difference.
Craig Baugh

Craig Baugh

Learning Outcome Statements

compare and contrast ethical standards with legal standards

CFA® 2025 Level I Curriculum, Volume 6, Module 1.