Ethical and Professional Standards Flashcards
1
Q
Disciplinary Review Committee (DRC)
A
Is responsible for enforcement of the Code and Standards
2
Q
Standards of Practice Council (SPC)
A
Is charged with maintaining and interpreting the Code and Standards and ensuring that they are effective
3
Q
Standard I: Professionalism
A
- A. Knowledge of the Law
- B. Independence and Objectivity
- C. Misrepresentation
- D. Misconduct
4
Q
Standard II: Integrity of Capital Markets
A
- A. Material Nonpublic Information
- B. Market Manipulation
5
Q
Standard III: Duties to Clients
A
- A. Loyalty, Prudence, and Care
- B. Fair Dealing
- C. Suitability
- D. Performance Presentation
- E. Preservation of Confidentiality
6
Q
Standard IV: Duties to Employers
A
- A. Loyalty
- B. Additional Compensation Arrangements
- C. Responsibilities of Supervisors
7
Q
Standard V: Investment Analysis, Recommendations, and Actions
A
- A. Diligence and Reasonable Basis
- B. Communication with Clients and Prospective Clients
- C. Record Retention
8
Q
Standard VI: Conflicts of Interest
A
- A. Disclosure of Conflicts
- B. Priority of Transactions
- C. Referral Fees
9
Q
Standard VII: Responsibilities as a CFA Institute Member or CFA Candidate
A
- A. Conduct as Members and Candidates in the CFA Program
- B. Reference to CFA Institute, the CFA Designation, and the CFA Program
10
Q
The Standards of Professional Conduct
A
- Professionalism
- Integrity of Capital Markets
- Duties to Clients
- Duties to Employers
- Investment Analysis, Recommendations, and Actions
- Conflicts of Interest
- Responsibilities as a CFA Institute Member or CFA Candidate
11
Q
Asset Manager Code of Professional Conduct
A
- A. Loyalty to Clients
- B. Investment Process and Actions
- C. Trading
- D. Risk Management, Compliance, and Support
- E. Performance and Valuation
- F. Disclosures
