Ethical and Professional Standards
Reading 1. Ethics and Trust in the Investment Profession
Learning Outcome Statements
a. explain ethics;
CFA Curriculum, 2020, Volume 1
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Subject 1. Ethics
- Ethical principles are beliefs regarding what is good, acceptable, or responsible behavior, and what is bad, unacceptable, or forbidden behavior. They provide guidance for our behavior.
- Ethical conduct is behavior that follows moral principles.
- Ethical actions are those actions that are perceived as beneficial and conform to the ethical expectations of society.
Ethics encompass a set of moral principles (code of ethics) and standards of conduct that provide guidance for our behavior. Violations can harm the community in a variety of ways.
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principles -- behavior
conduct -- what principle should followed.
actions -- actions are conform to the ethical
IT SEEMS TO BE OKAY
perceived : what is beleived
conform :comply with set of rules and regulations
Code of ethics: general guide regarding proper conduct by members.
Standards: serve as benchmarks for the minimally accepted behavior required by members.