CFA Practice Question

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CFA Practice Question

High standards for ethical conduct in the investment industry are so important because the industry is based almost entirely on the ______.

A. specialized skills and knowledge of investment professionals
B. trust of clients
C. competency of investment professionals
Correct Answer: B

The higher the level of trust in the financial system, the broader the participation in the financial markets.

User Contributed Comments 5

User Comment
better1by1 i didn't get it why just clients
khalifa92 without clients money from wherth ?
Antoinepo It's because clients are the source of wealth, without them there would be no money to invest/manage
pigletin disagree. There will be no trust without specialized skills
KikeAjose I also disagree because specialized skills also important.
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