Study Notes of Standards and Practice Handbook 0. Code of Ethics · Act with integrity, competence, diligence, 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. · Place the integrity of the investment profession and the interests of clients above their own personal interests. · Use reasonable care and exercise independent professional judgment when conducting investment analysis, making investment recommendations, taking investment actions and engaging in other professional conducts. · Practice and encourage others to practice in a professional and ethical manner that will reflect credit on themselves and the profession. · Promote the integrity of, and uphold the rules governing, capital markets. · Maintain and improve their professional competence and strive to maintain and improve the competence of other investment professionals. I.Professionalism A. Knowledge of law B. Independent and Objectivity C. Mispresentation D. Misconduct Offer gift/benefit/compensation etc. to compromise independence is violation. C&S (Codes and Standards) do not require reporting to the government regulatory organizations for violations or CFAI for potential violations (but it’s encouraged). Advices from legal counsel do not absolve M&C (Members and Candidates) from requirement to comply. Best ways: report to supervisor (first time), dissociate (if necessary later). Company paid trip should be strictly for business. Modest gifts/entertainment is OK, but should be careful. Gift from customer is OK, but all accepted need to be disclosed. Working with IBD is appropriate only when conflicts are ...
