- CFA Exams
- CFA Level I Exam
- Topic 10. Ethical and Professional Standards
- Learning Module 1. Ethics and Trust in the Investment Profession
- Subject 2. Ethics and Professionalism
CFA Practice Question
High standards for ethical conduct in the investment industry are so important because the industry is based almost entirely on the ______.
B. trust of clients
C. competency of investment professionals
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. |