[CFA Level I] 9, Loyalty to Employers and Additional Compensation

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- Key requirements of Standard IV(A) Loyalty regarding employer benefits and duty of care.

- Rules governing outside independent practice and competitive work for compensation.

- Standards under IV(B) Additional Compensation Arrangements for client bonuses and gifts.

- The distinction between permissible preparations to leave a firm and unethical client solicitation or unauthorized record removal.

- A straightforward decision rule for handling competitive side work and third-party compensation.

This independent audio study lesson complements your CFA study plan. Practice questions and video explanations are available at https://open-exam-prep.com/practice/cfa-level1 and https://www.youtube.com/@Open-exam-prep .

Sources checked: October 12, 2026

https://www.cfainstitute.org/sites/default/files/2027levelitopicoutline_online.pdf

https://www.cfainstitute.org/standards/professionals/code-ethics-standards