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Ethical & Professional StandardsModule 2 of 5

Code of Ethics and Standards of Professional Conduct

6

Concepts

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Formulas

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Decisions

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Key Concepts

6 concepts covered in this module.

Code of Ethics (6 Components)

1) Act with integrity, competence, diligence, respect. 2) Place client interests above own. 3) Use reasonable care, independent judgment. 4) Practice and encourage ethical behavior. 5) Promote integrity of capital markets. 6) Maintain and improve professional competence.

Standard I: Professionalism

I(A) Knowledge of the Law, I(B) Independence & Objectivity, I(C) Misrepresentation, I(D) Misconduct, I(E) Competence.

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Decision Frameworks

1 decision frameworks to guide your analysis.

When laws conflict with the Code and Standards?

  • Follow the STRICTER of the law or the Code and Standards
  • If local law is stricter, follow local law
  • If the Code is stricter, follow the Code

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Code of Ethics (6 Components)

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Answer
1) Act with integrity, competence, diligence, respect. 2) Place client interests above own. 3) Use reasonable care, independent judgment. 4) Practice and encourage ethical behavior. 5) Promote integrity of capital markets. 6) Maintain and improve professional competence.
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Ethics and Trust in the Investment Profession

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Guidance for Standards I–VII