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Up2
Okay, I just took my L1 exam this December, and I must have missed something here. What is ethics ‘adjustment’?
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Up2
If you are on the borderline of a pass or fail, they look to your ethics score. If you have scored well in ethics that can change a borderline fail into a pass, and vice versa a poor ethics score can change a borderline pass into a fail.
i think the CFA have admitted though that you are more likely to be marked up for a good ethics score than marked down for a bad score.
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Up1
Yes the Ethics “adjustment” applies to all three levels. Its stated so on the CFAI website.
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