[CFA Level I] 6, Fair Dealing When Recommendations Change

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:

- How Standard III(B) Fair Dealing governs material changes in investment recommendations.

- Why fair dealing requires equal opportunity to act rather than identical individual service.

- The requirements for disclosing tiered or premium services to current and prospective clients.

- The duty to notify clients of updated ratings before executing trades based on outdated research.

- Practical decision rules to avoid selective disclosure traps under Standard III(B).

This independent prep lesson is designed to supplement your study routine. For additional practice questions, visit https://open-exam-prep.com/practice/cfa-level1 and view video tutorials at https://www.youtube.com/@Open-exam-prep .

Sources checked: October 12, 2026

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

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