Whether the ethics section has a veto weight in the CFA exam

CFA ethics part is important, CFA ethics and standards in the financial investment industry is actually very widely used, there is a strong correlation between each code of conduct and the following corresponding rules, which means that violating one rule, it is likely to violate another or more rules, and the learning ethics part should be very careful.

At the micro level, the company's establishment of strict and clear standards of ethical and professional conduct can ensure that employees provide standardized and satisfactory investment services to customers, and can also help employees correctly deal with the ethical dilemmas that are often encountered in their work. At the macro level, by encouraging companies to adhere to industry ethics and professional standards of conduct, it helps to improve the integrity and efficient functioning of the financial market as a whole. Therefore, we have seen that not only do many countries continue to introduce new laws and regulations to improve the financial market, but many companies have also established internal supervision mechanisms, such as firewalls (also known as Chinese walls), to regulate the professional behavior of employees and the quality of services, thereby enhancing corporate reputation.

In CFA professional ethics, there is a strong correlation between each code of conduct and the corresponding rules below, which means that the violation of one rule is likely to violate one or more other rules, and some rules are more similar and easy to confuse, and the difficulty of the exam will be greatly increased. Therefore, you should be familiar with the seven CFA professional codes of conduct and a number of detailed rules under each code. At the same time, everyone should read more cases to understand and master the correct application of CFA ethics and guidelines in the cases.

Chinese translator: Randy Green, CFA, is the head of an investment consulting firm. His company continues to be hired by Bob Harris to manage a retirement**, who is the director.

Green wrote a letter to Harris stating that he would personally oversee the account and would do it in Harris' best interests. If Green fits this statement, he will:

Analysis: Select C. In this case, when an investment manager manages pension plans or trusts, his clients are the beneficiaries of the account or product, not the employer itself.

Green's commitment to Harris to achieve Harris' best interests violates Standard III(a) loyalty, prudence, and care.