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16 Cards in this Set
- Front
- Back
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Market integrity
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The markets themselves are trustworthy
- No illegal insider trading - No manipulating of market data to mislead investors |
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Usury
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Charging unethically high interest
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Financial Advisors
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A person performing a financial adviser service who advises against financial matters
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Authorised Financial Adviser (AFA)
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Registered AND authorised
Follow standards set in Code of Professional Conduct ca. 5000 |
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Registered Advisers
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Registered but NOT authorised
A.K.A "Category 2 Product Advisers" ca. 3000 |
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Advisers in Large Institutions
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Don't have to be registered OR authorised but often AFA's
E.g. People working for banks/financial institutions ca. 15000 |
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Credit Card Reform
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Deceptive credit card statements or agreements
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FX Trading
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Websites can be unethical because of poor sustainability
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Affinity Fraud
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Scamming someone through the pretense of a personal relationship
Targeting specific groups e.g. race, religion, age |
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WT Duck
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Establishment fees or account maintenance fees are really higher interest rates in disguise
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Insider Trading
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The buying or selling of a security by someone who has non-public (private) information about the security
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Ponzi Schemes
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Scam which promises high rates of returns with little risk
New investors' funds used to pay the old investors Eventually not enough money to go around |
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Chartered Financial Analyst (CFA)
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International Professional Certification offered by CFA Institute
- Pass 3 six hour exams - Have a Bachelor's degree - Have 48 months of qualified, professional work experience |
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Certified Financial Planner (CFP)
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An exam proving your ability to apply financial planning knowledge to real life situations
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National Certificate in Financial Services (Level 5)
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Equivalent to first 2 years of a BCom in Finance
Work as a financial adviser (investment, insurance, residential property advice) |
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Organisations of Advisers in NZ
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INFINZ (Institute of Finance Professionals in New Zealand)
IFA (Institute of Financial Advisers) |
