Ethics Flashcards
Investments & Wealth Institute’s Preamble to the Code of Professional Responsibility includes what four values?
integrity, loyalty, objectivity, ethical conduct
Investments & Wealth Institute’s Preamble to the Code of Professional Responsibility includes which nine elements?
Best interest, Compensation, Conflicts of interest, Information, Respond, Confidentiality, Competence, Legal, Ethical
What are the approved nouns to be used after citing the CPWA marks?
designee, certificant, professional, consultant, advisor
CPWA designees must notify IWI of a conviction of a serious crime within ________.
60 days
The “4 E’s” of CPWA certification include ________.
experience, education, exam, ethics
Under what circumstance is a CPWA designee allowed to disclose the financial status, goals, structure, or other information relating to any client?
when required by law
The “term” often used to describe a professional’s responsibility to act in the best interest of his/her customer or client is:
fiduciary
Grammatically speaking, the “CPWA” marks and term “Certified Private Wealth Advisor” are to be used as ________.
adjectives
A “serious crime” as described in the glossary found in the Institute’s Disciplinary Rules and Procedures is best described by which of the following?
(1) any felony; (2) any lesser crime, a necessary element of which as determined by its statutory or common law definition involves misrepresentation, fraud, extortion, misappropriation, or theft; and/or (3) an attempt or conspiracy to commit such crime, or solicitation of another to commit such crime.
According to the Institute’s Disciplinary Rules and Procedures, a “Professional Loss or Suspension” refers to the “Loss or suspension of a ____________, ____________, or ___________ to offer services to the public as a registered securities representative, broker–dealer, insurance agent, real estate salesperson or broker, attorney, accountant, investment advisor, or similar professional license, designation, or certification.”
license, designation, certification
The Investments & Wealth Institute requires how many hours of continuing education covering the topic of ethics over what amount of time for each renewal period?
2 hours over 2 years
“The failure, by a CPWA certificant, to respond to a disciplinary petition by the Institute within the period allowed shall be deemed a ____________ by the Hearing Panel resulting in the immediate __________ of the certificant’s right to use the marks.” … IWI Disciplinary Rules and Procedures
default, termination
The Institute’s Code of Professional Responsibility describes a designee’s responsibility to “disclose services to be offered and provided, related charges, and compensation.” Oral or written disclosure may be appropriate and acceptable, and recommends under best practices that…
oral disclosures should be confirmed in a timely manner in writing to demonstrate compliance.
All CPWA designees must complete the following continuing education requirements in order to retain the rights to use the marks.
40 hours ever 2 years including 2 hours in ethics
According to the Investments & Wealth Institute’s “Disciplinary Rules and Procedures” document: Upon receipt of written notification by the Licensee or Candidate of being a defendant or respondent in any self-regulatory organization (e.g., FINRA), government agency, criminal, and/or civil complaint, investigation, mediation, or arbitration, every Licensee or Candidate must notify the Investments & Wealth Institute in writing of such action within _____ days.
60 days
