Ethical and Professional Standards for Finance Professionals - The Importance

The CFA Institute and its earlier forms were organized primarily to promote higher standards to practitioners in the investment industry. By not simply meeting minimum legal requirements, the CFA Institute and its members are aiming to increase public confidence and acceptance of the investment profession.

 

 

The Six Components to the Code of Ethics
Members of the CFA Institute (including Chartered Financial Analyst [CFA] charterholders) and candidates for the CFA designation (“Members and Candidates”) must:

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.
   
2. Place the integrity of the investment profession and the interests of clients above their own personal interests.
   
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.
   
4. Practice and encourage others to practice in a professional and ethical manner that will reflect credit on themselves and the profession.
   
5. Promote the integrity of, and uphold the rules governing, capital markets.

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


Related Knols

Ethical and Professional Standards - Relationships with and Responsibilities to Clients and Prospects

Ethical and Professional Standards - Relationships with and Responsibilities to the Investing Public

Ethical and Professional Standards - Relationships with and Responsibilities to the Profession - AIMR


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