
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: - Core requirements of Standard V(A) Diligence and Reasonable Basis - Why a reasonable basis does not require absolute certainty in investment outcomes - Essential steps for evaluating and vetting third-party research reports - How to address testing data, quantitative models, and overfitting risks - A simple decision rule and exam trap analysis for research diligence This independent study resource helps candidates prepare for the CFA Level I exam. Access more tools 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
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[CFA Level I] 13, Priority of Transactions and Referral Fees

[CFA Level I] 12, Avoiding or Disclosing Conflicts of Interest

[CFA Level I] 11, Communicating Risks and Keeping Research Records

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