CFA - Ethics
What are the 6 code of ethics? - answer1. act with integrity, competence, diligence,
respect and in ethical manner towards clients, employers, employees, colleagues and
other participants in global markets
2. integrity of investment profession and client interest > personal interest
3. use independent professional judgment and care when conducting investment
analysis, making
recommendations and taking investment actions
4. practice ethically and professionally and encourage others to do so
5. promote integrity and uphold the rules governing capital markets
6. maintain and improve professional competence and help others to do so
in general: "at all times, act in ethical manner, as you hold a position of responsibility"
What are the 7 standards of professional conduct? - answer I. professionalism: a, b, c, d
II. integrity of capital markets: a, b
III. duties to client: a, b, c, d, e
IV. duties to employers: a, b, c
V. investment analysis, recommendations and actions: a, b, c
VI. conflicts of interest: a, b, c
VII. responsibilities as a CFA institute member or cfa candidate: a, b
Professionalism (I) : - answerA) Knowledge of the law
B) Independence and Objectivity
C) Misrepresentation
D) Misconduct
Integrity of Capital Markets (II): - answerA) Material nonpublic information
B) Market Manipulation
Duties to clients (III): - answerA) Loyalty, Prudence, and Care
B) Fair dealing
C) Suitability
D)Performance Presentation
E) Preservation of Confidentiality
Duties to employers (IV): - answerA) Loyalty
B) Additional compensation arrangements
C) Responsibilities of supervisors
What are the 6 code of ethics? - answer1. act with integrity, competence, diligence,
respect and in ethical manner towards clients, employers, employees, colleagues and
other participants in global markets
2. integrity of investment profession and client interest > personal interest
3. use independent professional judgment and care when conducting investment
analysis, making
recommendations and taking investment actions
4. practice ethically and professionally and encourage others to do so
5. promote integrity and uphold the rules governing capital markets
6. maintain and improve professional competence and help others to do so
in general: "at all times, act in ethical manner, as you hold a position of responsibility"
What are the 7 standards of professional conduct? - answer I. professionalism: a, b, c, d
II. integrity of capital markets: a, b
III. duties to client: a, b, c, d, e
IV. duties to employers: a, b, c
V. investment analysis, recommendations and actions: a, b, c
VI. conflicts of interest: a, b, c
VII. responsibilities as a CFA institute member or cfa candidate: a, b
Professionalism (I) : - answerA) Knowledge of the law
B) Independence and Objectivity
C) Misrepresentation
D) Misconduct
Integrity of Capital Markets (II): - answerA) Material nonpublic information
B) Market Manipulation
Duties to clients (III): - answerA) Loyalty, Prudence, and Care
B) Fair dealing
C) Suitability
D)Performance Presentation
E) Preservation of Confidentiality
Duties to employers (IV): - answerA) Loyalty
B) Additional compensation arrangements
C) Responsibilities of supervisors
