- CFA Exams
- CFA Exam: Level I 2021
- Study Session 1. Ethical and Professional Standards
- Reading 1. Ethics and Trust in the Investment Profession
- Subject 4. The Importance of Ethical Conduct in the Investment Industry
CFA Practice Question
Trust means clients believe that:
II. investment professionals have better access to information and specialized knowledge, but they will not use this to take advantage of clients.
III. information provided by investment professionals, such as financial statements, is accurate and complete.
I. investment professionals can and will protect their assets.
II. investment professionals have better access to information and specialized knowledge, but they will not use this to take advantage of clients.
III. information provided by investment professionals, such as financial statements, is accurate and complete.
Correct Answer: I, II and III
User Contributed Comments 2
| User | Comment |
|---|---|
| tomaney | Isn't it impossible to say "can and will protect assets"? For example, a complete market crash is not in control of the adviso |
| Mohd5588 | Agree. But I guess it also says clients “believe”. Why would they trust you if they don’t believe you can do it ? |