Ethics (11.17.24)

Question 1

7 Standards

Answer 1

1) Professionalism
2) Integrity of Capital Markets
3) Duties to Clients
4) Duties to Employers
5) Investment Analysis, Recommendations, and Actions
6) Conflicts of Interest
7) Responsibilities as a CFA Institute Member or CFA Candidate

Question 2

Standard Subsections: Professional

Answer 2

A. Independence and Objectivity
B. Misrepresentation
C. Misconduct
D. Competence

Question 3

Standard Subsections: Integrity of Capital Markets

Answer 3

A. Market Manipulation
B. Duties to Clients

Question 4

Standard Subsections: Duties to Clients

Answer 4

A. Fair Dealing
B. Suitability
C. Performance Presentation
D. Preservation of Confidentiality

Question 5

Standard Subsections: Duties to Employers

Answer 5

A. Additional Compensation Arrangements
B. Responsibilities of Supervisors

Question 6

Standard Subsections: Investment Analysis, Recommendations, and Actions

Answer 6

A. Communication with Clients and Prospective Clients
B. Record Retention

Question 7

Standard Subsections: Conflicts of Interest

Answer 7

A. Priority of Transactions
B. Referral Fees

Question 8

Standard Subsections: Responsibilities as a CFA Institute Member or CFA Candidate

Answer 8

A. Reference to CFA Institute, the CFA Designation, and the CFA Program

Question 9

Code of Ethics

Answer 9

1) Act with integrity, competence, diligence, and respect and in an ethical manner with the public, clients, prospective clients, employers, employees, colleagues in the investment profession, and other participants in the global capital markets

2) Place the integrity of the investment profession and the interests of clients above their own personal interests

3) Use reasonable care and exercise independent professional judgment when conducting investment analysis, making investment recommendations, taking investment actions, and engaging in other professional activities

4) Practice and encourage others to practice in a professional and ethical manner that will reflect credit on themselves and the profession

5) Promote the integrity and viability of the global capital markets for the ultimate benefit of society

6) Maintain and improve their professional competence and strive to maintain and improve the competence of other investment professionals

Question 10

Asset Manager code of Professional Conduct Points

Answer 10

1) Loyalty to Clients
2) Investment Process and Actions
3) Trading
4) Risk Management, Compliance, and Support
5) Performance and Valuation
6) Disclosures