LLQP Ethics study plan

Map the regulator's core duties (competence, honesty, good faith, disclosure) onto a one-page table you write yourself, listing for each duty what it forbids and what it requires

Explain in writing how suitability, conflicts-of-interest, and disclosure obligations connect to the regulator's conduct rules, using your own worked example of a client with modest savings and a high-risk product

Define the difference between a conflict of interest and a conflict of duty, and give two original examples of each from insurance and segregated-fund sales

Build a personal glossary of 20 regulatory terms (registrant, material information, consent, complaint, discipline) with a one-sentence original definition each

Walk through a full suitability analysis for three hypothetical clients you invent, documenting needs, risk tolerance, time horizon, and product rationale for each

Draft a client-facing disclosure script explaining compensation, conflicts, and product limitations in plain language suitable for a client with limited financial literacy

Compare three product types (life insurance, segregated funds, annuities) and write when each is unsuitable, not just suitable

Identify five red flags of a conflicted recommendation and write the corrective action for each

Apply a structured ethical decision framework (identify facts, stakeholders, duties, options, consequences) to four short original scenarios and justify the chosen action

Distinguish legal-but-unethical conduct from clearly prohibited conduct using two original examples per category

Practice documenting the reasoning behind a difficult recommendation so a regulator could follow your logic

Write a 150-word reflection on where your own incentives could bias a recommendation and how you would counter that

Consolidate domains 1-3 into a single summary sheet of duties owed to clients, the public, and the market

Explain market-integrity obligations (fair dealing, avoiding misrepresentation, reporting misconduct) with three original examples

Self-test on 40 mixed questions across domains 1-3 and log every error with its cause

Identify your three weakest subtopics and write a targeted review plan for each

Describe the registrant's duties to the regulator (timely reporting, cooperation with investigations, truthful filings) and write two original examples of a breach

Explain the duty to the profession: competence maintenance, supervising others, and reporting unfit conduct

Draft a short internal memo on how a firm should respond when an advisor suspects a colleague of mis-selling

Distinguish whistleblowing obligations from confidentiality obligations and resolve one original conflict between them

List the categories of personal information collected in an insurance sale and state the consent required for each use

Explain the limits on collecting, using, and disclosing client information, with three original examples of over-collection

Write a client-facing privacy notice in plain language covering purpose, retention, access rights, and third-party sharing

Describe how to handle a client request to access or correct their file, including timelines and escalation

Work through six integrated case scenarios combining suitability, conflicts, confidentiality, and reporting duties, writing the correct action and the rule behind it

Practice explaining your reasoning aloud in under three minutes per case to build exam-speed fluency

Review your error log from week 4 and re-test every missed concept until you can state the rule without notes

Write a personal decision checklist you can apply to any novel scenario on exam day

Take two full-length timed mock exams and score each by domain to target remaining gaps

Re-study only the two lowest-scoring domains, using your glossary, duty table, and error log

Recite the core duties and the decision framework from memory without notes

Confirm exam logistics, permitted materials, and a rest plan for the day before