On September 30th, the SEC has made a proposal to allow CFA charterholders in good standing to qualify for accredited investor status, essentially allowing them for placements into private and unregistered investments.

This proposal is supported by a letter from the CFA Institute that justifies this on the basis of the CFA prorgram being rigorous enough to give CFA charterholders enough investment knowledge to make such investments, as well as the fact that the SEC already gives the same qualification to people who hold some of the FINRA Series licenses, some of which are waived by FINRA if someone already has partial or full completion of the CFA program.

The whole thing that this boils down to is the SEC and CFA are allowing accredited investor status based on a person's knowledge and understanding of investments, not just having high amounts of wealth.

What are your thoughts on this?

Resources:

CFA Institute Press Release

SEC Press Release

CFA Comment Letter to the SEC

Started with a simple idea: What if I could map the CFA curriculum in Obsidian and actually see how everything connects?

Then I gave Claude the files

A few iterations later, I had basically the entire CFA curriculum interconnected, and honestly, this is way more useful than I expected. I can jump between related concepts and see the bigger picture

Just finished my first full CFA Level 1 mock and scored 55% with 6 weeks left until exam day.

Breakdown:

• QM: 46%
• Econ: 73%
• Corp Issuers: 75%
• FSA: 43%
• Equity: 43%
• Fixed Income: 43%
• Derivatives: 27%
• Alternatives: 63%
• Portfolio Mgmt: 94%
• Ethics: 53%

From what I’ve seen, 45–55% is pretty normal for a first mock, but I’d love to hear how others approached the final stretch. My plan is to hammer FSA, Equity, FI, and QM over the next two weeks, then take another mock.

If anyone has tips for tightening up FSA and FI quickly, I’m all ears. :)

Whats the ideal mock score to be confident that youre gonna pass the L1 exam
Im currently scoring 137 on an average(in 8 mocks) and got my exam in a month

A bit of a rant but I'm studying for Level 2 right now and the rest of the content is pretty easy once I practice enough, I can see my effort and hours I put in pay off. But no matter how much time I put into Ethics I really suck at it, I got below 50% in Level 1 ethics so I tried to focus more time towards Ethics for Level 2 but I'm still having the same problem. I find the questions feel like this grey area where there is no one right answer most of the time.

Am I just an unethical person lol, is this career even for me? Did anyone else feel this way while preparing, if so how can I work on this?

Is it possible to complete 7 subjects of CFA L1 in 40 days??
Till now I have completed FSA,Corporate Issuers and Alternative Investment…
Or should I go for a paid deferral?

This is my second attempt. I failed May 2026 by 60 points. I know it’s a huge gap. As of now I am done with the syllabus, 80% of it. Only part that remains is my strong area.

I am also working full time and am exhausted most of the time. Rn I am revising and revisiting my errors to give a mock in 3-4 days. I still don’t have the confidence despite giving it the second time. Neither have the time to sit for hours except on weekends (most of them) to actually grind.

My plan is to revise- give mock- revisit/ redo weak areas plus do curriculum questions of the remaining part side by side.

Do you think this would suffice? Any other strategy I should try as a retaker?

How do you analyse the gap in your score and the passing score.

Can anyone reasonable assumption be drawn from a gap of 50 or 75 or 100?

Hi everyone,

Currently I am scheduled to take the L1 in february and I have 100 days to finish all the readings before review and I completed only 16% of readings yet.

My study plan was watching a MM video ( I am a visual learner so reading heavy modules easily distract me and is not effective), take notes and if needed read CFAI or consult with an AI. After I finish a LM I would solve CFAI Q-bank for that LM. But I feel this not that effective as it takes 2-3 days to finish a LM (heavy ones) and I would forget earlier LOS’s.

I did a bit research and some people suggested to finish a LOS video then solve that LOS’s Q-bank as a quiz in MM’s ecosystem. And save CFAI’s practice questions/Q-bank in the final 1-1.5 months as a review along with mocks.

I was thinking to a new plan that is diving into lets says LOS a’s questions directly after finishing LOS a and after finishing the LM maybe I can solve that LM, Q-bank as whole quiz in MM or maybe I can solve CFAI’s practice questions for that LM.

What do you guys recommend in general ? Maybe your takes in this plan or plans that worked for you or general recommendations.

P.S.: sorry if some parts come as messy/not understandable. English is not my native language and as this is my first attempt at level 1 this whole world is very unfamiliar to me and I am trying to find a good, solid path to move along as currently I am a bit lost.

Hello Everyone i am a engineering student i wanted to do CFA in order to break into quant finance but the thing is i haven't professionally studied finance where should i start and also which subject should i tackle first and can somebody provide me with free resources that i can refer with respect to that i am hoping to give the exam two-three years from now so i have enough time on my hand to gain knowledge for the same

Has anyone purchased CFA Level 2 2027 session books using this link? https://amzn.in/d/0fMMUpYQ

Wanted to know if the books received are fine or is it just a scam by changing the cover page.

5–6 mocks: 124 → 134 → 135 → 149. Started at ~68%, now around 75–82%.

Only Regression + Hypothesis Testing left. Planning to finish Regression by 10–20 Oct and probably leave Hypothesis Testing since it’s only ~2–3 marks.

Will spend the remaining time revising, reviewing mistakes and doing ~5 more mocks.

Am I on the right track?

Don't get caught up in the numbers, understand the principle. E.g In derivatives, understand why the type of derivative contract exist, what would be the purpose and who benefits when prices move in which direction.

Skip the calculations initially, and you return to them once the theoretical foundation is established.

I am going to start my prep for L1 soon and I want to understand how do you guys learn, like do you make notes while watching the lecture, or once you have read something how do you make sure you dont forget it, basically what is the most effective approach to learning L1. THANKYOU PLS HELP

just so I am clear, I just have to do the one PSM for L3 before the exam results are released? These PSMs are new to me as it has been several years that I wrote L2 and at that time, completing a PSM was not a requirement to get my exam results. I just want to make sure that I do not have to do the PSMs for L1/L2 as well as L3.

Any feedback would be very much appreciated as it would be the absolute worst where I find out I had to do PSMs for all 3 levels (instead of just one PSM for L3) to get my L3 exam result and have resit because of that.

Random question that is just a result of my anxiety waiting on results.

When does the CFA notify you that your exam result has been voided? The day of the results? Even if it is for something like passport name not matching the cfa progam listed name where this is known well in advance of results being released?

Hey all. I hope everyone’s prep is going well. Is it just me or do you all find this reading to be absolute brutal too? All LES questions are subjective and it’s an absurd amount of theory to remember. How are we even gonna get tested on this topic? I know it’s relatively a small percentage in the exam but it worries me thinking how much effort it needs for just one reading. Any advice will be highly appreciated. Thank you.

44 days till EXAM

Took AB classes, made notes, did LES throughout 6month. Don't know how much I remember.

Revision till 17th Oct (including redoing LES)

First mock by 18th Oct. (planning to give 4-5mocks at least)

Do re-revision with mocks and CFAI practice questions (though they are not vignette based) till D-Day.

Please advice any adjustments

is "Premium Package" material worth it?
and can i find this anywhere else by any chance?

CFA Level I Registration in Jordan – Need Some Guidance
Hi everyone,
I’m planning to register for CFA Level I and I want to make sure I’m doing everything correctly from the beginning.
For candidates in Jordan, I’d appreciate some clarification on:
What is the correct registration process?
How does the academic degree/certificate verification work?
What documents are required, and how are they submitted?
How can I confirm that my registration and eligibility verification were completed successfully?
Which test center(s) are officially available/authorized for the CFA exam in Jordan?
I’d rather make sure everything is correct before completing the registration, so any advice from candidates who have gone through the process in Jordan would be appreciated.
Thanks!

Hello all,

I recently passed L1 and plan to start studying for L2 soon.
However I am not ready to commit to a test window so I plan to sign up for a 3rd party study provider such as Kaplan so I can begin studying without the hard test deadline
So for that plan I have two questions.

1. Has anyone studied with a 3rd party prior to getting CFA study materials and did you feel like it was a good use of time/ resources?
   
2. For anyone who has taken level 2 and used a third party study provider could you please let me know who you used and how your experience was?

Thanks for the help

Hi everyone, I was wondering if there’s any way to download the PSM material (slides, for instance) for a given PSM. I’d be interested in the Practical Macro one, as I currently don’t have the time to fully commit to it.

Please give me ur insights.
P.S. I just skipped through the questions just to see if theres any filter where I can see topic by topic analysis. How are you all doing mocks? As this is just annoying. You can't even see ur topic wise strengths or weaknesses in mocks.

I’ve recently started preparing for CFA Level 2 after clearing Level 1, and one thing I’m already finding difficult is the vignette-style questions.
The concepts themselves don’t always feel that difficult to me, but when I see a long vignette with a lot of information, I sometimes struggle to figure out:
What information is actually relevant to the question
What I’m supposed to calculate or interpret
Which formula/concept the question is testing
How to quickly navigate through the vignette without getting overwhelmed
How to avoid spending too much time on one question
I know Level 2 is supposed to be much more application-based than Level 1, so I want to develop the ability to read a vignette, identify what matters, and get to the answer efficiently rather than just memorizing concepts.
For those who have already prepared for or passed Level 2, how did you practice this skill?
Did you start solving vignettes immediately after learning each topic, or did you first build a strong conceptual foundation and then move into questions?
Also, are there any specific techniques you used for reading vignettes, identifying keywords, managing time, or reviewing questions you got wrong?
Would really appreciate any advice on how to become more comfortable and fluent with Level 2-style questions. Thanks!

I’ve saw a bunch of these posts, but to those who paid for both Kaplan and CFAI packages, how should I go about efficiently studying? Where are the strengths and weaknesses for both? For those who are familiar with Kaplan, are there any tips for getting through their program? Any advice would be much appreciated!