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Professional Conduct Program

To protect the integrity of CFA Institute membership, designations, and exam programs, CFA Institute upholds the Code of Ethics and Standards of Professional Conduct (Code and Standards), all exam rules and regulations, and the CFA Institute Bylaws.

The Professional Conduct Program administers the disciplinary process for CFA Institute, using the Bylaws and Rules of Procedure as guidance for conducting investigations into allegations, determining violations, imposing sanctions, conducting disciplinary proceedings, and disclosing violations.

Learn more about the Rules of Procedure

Read the CFA Institute Bylaws (PDF)

Professional Conduct Statement

Annually, as part of renewing membership, every member must complete a Professional Conduct Statement to disclose any potential violations of the Code and Standards. Candidates make similar disclosures as part of the registration and enrollment process.

Learn more about the Professional Conduct Statement

Frequently asked questions and answers regarding your exam registration denial (PDF)

The Disciplinary Process

Our process includes monitoring compliance, investigating allegations, conducting disciplinary proceedings, and imposing sanctions, if necessary.

Learn how the Professional Conduct Program handles allegations

Industry-Related and Exam-Related Sanctions

We track and report disciplinary information as a service to our stakeholders.

Request a member's disciplinary history

View sanction types and statistics on reported allegations

Report Misconduct

You can help to protect the integrity of CFA Institute membership and designations by reporting conduct that does not meet our standards.

Report misconduct by a member or candidate

Volunteer Opportunities

Interested in becoming a liaison for the Professional Conduct Program or joining the Disciplinary Review Committee?

Learn more about volunteer opportunities

If you have questions, please contact us

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