Name one of the five major topics covered in the Level I CFA curriculum.

One of the five major topics covered in the Level I CFA curriculum is Ethical and Professional Standards. This topic is fundamental to the CFA program and encompasses the principles and guidelines that govern professional conduct in the investment management industry. It emphasizes the importance of integrity, ethical behavior, and accountability in maintaining public trust and confidence in financial markets.

The focus on ethical standards is crucial because investment professionals often have to make decisions that can significantly impact their clients, firms, and the broader financial system. The curriculum covers the CFA Institute's Code of Ethics and Standards of Professional Conduct, which provide a framework that professionals are expected to adhere to in their practice. Understanding these standards is essential for candidates as they prepare for a career in finance, ensuring they are equipped to uphold the highest ethical standards in their professional endeavors.