Course Content
ETHICS AND TRUST IN THE INVESTMENT PROFESSION
This chapter is covered in Reading 1 of the Study Session 1, of the study material prescribed by the institute. After reading this chapter a student should be able to: a explain ethics; b describe the role of a code of ethics in defining a profession; c describe professions and how they establish trust; d describe the need for high ethical standards in investment management; e explain professionalism in investment management; f identify challenges to ethical behavior; g distinguish between ethical and legal standards; h describe a framework for ethical decision making.
0/7
LOS A: Explain Ethics
00:00
LOS B: Ethics and Professionalism
00:00
LOS C: How Professions Establish Trust
00:00
LOS D and E: Professionalism in Investment Management
00:00
LOS F: Challenges to Ethical Conduct
00:00
LOS G: Ethical and Legal Standards
00:00
LOS H: Framework for Ethical Decision Making
00:00
CODE OF ETHICS AND STANDARDS OF PROFESSIONAL CONDUCT
This chapter is covered in Reading 2 of the Study Session 1, of the study material prescribed by the institute. After reading this chapter a student should be able to: a. describe the structure of the CFA Institute Professional Conduct Program and the process for the enforcement of the Code and Standards; b. state the six components of the Code of Ethics and the seven Standards of Professional Conduct; c. explain the ethical responsibilities required by the Code and Standards, including the sub-sections of each Standard.
0/3
LOS A: Professional Conduct Program
00:00
LOS B: Code of Ethics
00:00
LOS C: Code and Standards
00:00
GUIDANCE FOR STANDARDS I–VII
This chapter is covered in Reading 3 of the Study Session 1, of the study material prescribed by the institute. After reading this chapter a student should be able to: a. demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity; b. distinguish between conduct that conforms to the Code and Standards and conduct that violates the Code and Standards; c. recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct.
0/7
Professionalism – First standard of Professional Conduct
00:00
Integrity of Capital Markets – Second Standard of Professional Conduct
00:00
Duties to Clients – Third Standard of Professional Conduct
00:00
Duties to Employer – Fourth Standard of Professional Conduct
00:00
Investment Analysis, Recommendations, & Actions
00:00
Conflict of Interest
00:00
Responsibility as a CFA Institute Member or CFA Candidate
00:00
INTRODUCTION TO THE GLOBAL INVESTMENT PERFORMANCE STANDARDS (GIPS)
This chapter is covered in Reading 4 of the Study Session 1, of the study material prescribed by the institute. After reading this chapter a student should be able to: a. a explain why the GIPS standards were created, what parties the GIPS standards apply to, and who is served by the standards; b. explain the construction and purpose of composites in performance reporting; c. explain the requirements for verification.
0/5
Why Were GIPS Standards Created?
00:00
Who Can Claim Compliance?
00:00
Who Benefits from Compliance?
00:00
Composites
00:00
Verification
00:00
GLOBAL INVESTMENT PERFORMANCE STANDARDS (GIPS)
This chapter is covered in Reading 5 of the Study Session 1, of the study material prescribed by the institute. After reading this chapter a student should be able to: a. describe the key features of the GIPS standards and the fundamentals of compliance; b. describe the scope of the GIPS standards with respect to an investment firm’s definition and historical performance record; c. explain how the GIPS standards are implemented in countries with existing standards for performance reporting and describe the appropriate response when the GIPS standards and local regulations conflict; d. describe the nine major sections of the GIPS standards.
0/7
Objectives of GIPS
00:00
Overview of GIPS Standards
00:00
Compliance with GIPS
00:00
Recommendations
00:00
Scope of GIPS Standards
00:00
Implementation
00:00
Major Section of GIPS Standards
00:00
Ethical and Professional Standards
About Lesson

a.  A profession is an occupation, based on:

    i.  based on specialized knowledge and skills,

    ii.  based on services to others,

   iii.  practiced by the members who share and agree to adhere to a common code of ethics

b.  In any given profession, a code of ethics communicates the share principles and expected behavior of its members. The code of ethics:

     i.  guide its members, and

    ii.  generates confidence among:

          # the members of the profession, and

          # clients and the general

   iii.  The standard of conduct enhances and clarifies the code of ethics.

          # The standards of ethics are rule-based. Thus they are more narrowly defined and can be applied to specific individuals and circumstances.

          # The code of ethics, on the other hand, is more principles-based, and apply to all the members at all the time.

 

Previous
Next