Ethics

Front 1

What is the code of ethics 1

Back 1

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

Front 2

Code of ethics 2

Back 2

Place the Integrity of the investment profession and the interest of clients above their own personal interest

Front 3

Code of ethics 3

Back 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.

Front 4

Code of ethics 4

Back 4

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

Front 5

Code of ethics 5

Back 5

Promote the integrity and viability of the global Capital markets for the ultimate benefit of society

Front 6

Code of ethics 6

Back 6

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

Front 7

Standard 1A knowledge of the law

Back 7

Members and candidates must understand and comply with all applicable laws, rules, and regulations of any government, regulator organization, licensing agency, or professional association governing their professional activities.

Front 8

In the event of conflict members in Canada's must comply with which law

Back 8

The more strict law, rule, or regulation

Front 9

1B Independence and objectivity

Back 9

Members and candidates must use reasonable care and judgement to achieve and maintain independent and objectivity in their professional activities

Front 10

If you know that violations of rules and laws are taking place either by co-workers or clients you must

Back 10

Approach your supervisor or compliance apartment to remedy this situation. If there was not or cannot. Then you must disassociate from the activity. If this cannot be accomplished you must in an extreme case, have to resign from The Firm to be in compliance with the standard

Front 11

On the knowledge of the law what is the recommendation for members

Back 11

Establish or encourage employer to establish procedures to keep employees informed of changes in relevant laws, rules, and regulations. Review or encourage employer to review and firms written compliance procedures on a regular basis. Maintain or encourage employer to maintain copies of current laws rules and regulations. When in doubt about legality consult supervisor compliance Personnel or a lawyer. When disassociating from violations keep records documenting the violations encourage employer to bring an end to the violation. There is no requirement in the standard to reports wrong doings but local law may required, members are strongly encouraged to report violations to CFA Institute professional conduct program

Front 12

Under knowledge of the law what is recommended for firms

Back 12

Have a code of ethics. Provide employees with information on laws rules and regulations governing professional activity. Procedures for reporting suspected violations.

Front 13

True or false normal business entertainment is not allowed under Independence and objectivity for standard 1B

Back 13

False it is allowed

Front 14

Allocating shares in an oversubscribed IPO to personal account is a violation of

Back 14

Independence and objectivity standard 1B

Front 15

Client gifts must be

Back 15

Disclosed to the members employer prior to acceptance, if possible on after acceptance if not

Front 16

Members may prepare reports paid for by the subject firm if

Back 16

Compensation is a flat-rate not tied to the conclusions of the report

Front 17

Accepting compensation that is dependent on the conclusions recommendations or Market impact can be done as as long as

Back 17

failure to disclose that research is issue paid is violations

Front 18

What is recommended for members under independence and objectivity standard 1B

Back 18

Members or their firms should pay for their own travel to company events or tours when practical and limit use of corporate aircraft to trips for which commercial travel is not an alternative

Front 19

What are the recommendations for firms under Independence and objectivity standard 1B

Back 19

Front 20

What are the actions that would violate standard 1C misrepresentation

Back 20

Presenting third-party research as your own without attribution to the source. Guaranteeing a specific return on securities that do not have an explicit guarantee form a government body or financial institution. Selecting a valuation service because it puts the highest value on untraded security Holdings. Selecting a performance Benchmark that is not comparable to the investment strategy employed. Presenting performance data our attribution analysis that omits accounts or relevant variables. Offering misleading information about the analysts or firms capabilities expertise or experience. Using marketing material from a third party that are misleading.