Lecture A - Standard I Professionalism
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The document summarizes standards of professionalism for CMT Level I regarding knowledge of the law, independence and objectivity, misrepresentation, and misconduct. Standard I(A) states that members must understand and comply with all applicable laws and regulations, and in conflicts comply with the more strict rule. Standard I(B) requires members to maintain independence and objectivity and not accept gifts that could compromise their judgment. Standard I(C) prohibits knowingly misrepresenting analysis or recommendations. Standard I(D) prohibits conduct involving dishonesty, fraud, or deceit, or acts that adversely affect one's professional reputation.
Lecture A - Standard I Professionalism
- 2. Code of Ethics & Standards Professionalism Integrity of Capital Markets Duties to Clients Duties to Employers Investment Analysis, Recommendations, and Actions Conflicts of Interest
- 3. Code of Professionalism Knowledge of the Law Independence and Objectivity Misrepresentation Misconduct
- 4. Standard I(A) Knowledge of the Law •Members and Candidates must understand and comply with all applicable laws, rules, and regulations (including the CFA Institute Code of Ethics and Standards of Professional Conduct) of any government, regulatory organization,
- 5. Standard I(A) Knowledge of the Law •Licensing agency, or professional association governing their professional activities. •In the event of conflict, Members and Candidates must comply with the more strict law, rule, or regulation. •Members and Candidates must not knowingly participate or assist in and must dissociate from any violation of such laws, rules, or regulations.
- 6. Standard I(B) - Independence and Objectivity •Members and Candidates must use reasonable care and judgment to achieve and maintain independence and objectivity in their professional activities. •Members and Candidates must not offer, solicit, or accept any gift, benefit, compensation, or consideration that reasonably could be expected to compromise their own or another’s independence and objectivity.
- 7. Standard I(C) - Misrepresentation •Members and Candidates must not knowingly make any misrepresentations relating to investment analysis, recommendations, actions, or other professional activities.
- 8. Standard I(D) - Misconduct •Members and Candidates must not engage in any professional conduct involving dishonesty, fraud, or deceit or commit any act that reflects adversely on their professional reputation, integrity, or competence.