Folder:
115 CFA
File:
115.010.10.50 Reading 1 - Ethics and Trust - LOS e. professionalism in investment

e. explain professionalism in investment management

Command word

  • Explain: To make clear the meaning of "Explain interest rate parity"

Flash cards

How are investment management professionals like doctors and lawyers?
Like doctors and lawyers, investment management professionals are trusted to draw on a body of formal knowledge and apply that knowledge with care and judgement.

How are investment management professionals different than their clients?
Investment professionals are expected to have superior financial expertise , technical knowledge, and knowledge of the applicable laws and regulations.

Investment professionals have a special responsibility to act ethically because...
They are entrusted to protect clients’ assets.

Professionals use their specialized knowledge and skills...
In service to others

A profession's code of ethics...
Publicly communicates the shared principles and expected behaviors of a profession’s members.


Source:
  • CFA