Distribute the Applying Investment Ethics Handout. Have students work individually or in small groups to read four investment-related scenarios and identify the ethical or professional standard that best applies to each. Students must select from six possible standards and explain why the standard applies; not all standards will be used. After students complete the activity, review the scenarios using the included Teacher Answer Key.

Conclude with the debrief question: Can an action be legal but still raise an ethical concern? Why? Use the suggested answer provided in the Teacher Answer Key to guide the discussion. Emphasize that legal requirements establish minimum standards of conduct, while professional ethical standards may require additional care, fairness, disclosure, diligence, and judgment.