ethics: L1 vs L2

graduate · February 20, 2012, 5:11pm

Is there any difference in L1 vs L2 regarding ethics, in terms of the study materials and objectives?

Thanks.

wawa · February 20, 2012, 6:54pm

My impression is that it’s not exactly the same; in Level II a few additional readings have been added as well. The questions will also be of “item set” type (=more difficult).

ohai · February 20, 2012, 7:22pm

It seemed like 90% the same. If there were material differences, I didn’t notice any. Same for L3.

Hank_Moody · February 20, 2012, 7:50pm

For 2011, there was some pretty important stuff after the Code and Standads (soft dollars, prudent investor rule and one other section). The exam is also more nuanced and drills deeper.

mohammad.belaal · February 20, 2012, 7:55pm

Plenty of readings… but major areas are the same.

graduate · February 20, 2012, 11:00pm

Thank you all. Good to know this in preparation to adjust my pace.