Reading 1 Code of Ethics and Standards of Professional Conduct.
a.Describe the six components of Code and Ethics and Seven standards of professional conduct.
b.explain the ethical responsibilities required of cfa institute members and canidtats in the CFA program by the Code and Standards.
Six components of Code and Ethics.
Act with integerity,competence,diligence,respect and in an ethical manner with public,clients,prospective clients,employers,employees,colleagues in the investment proffesiona,and other participants in the golobal capital markets.
Place the integrity of the investment profession and the interest of clients above their own personal interests.
use reasonable care and exercise independent professional judgment when conducting investment analysis,making investment recommendations,taking invstment actions,and engaging in the other professional activities.
practive and encourage others to practice in a professional and ethical manner that will reflect credit on themselves and profession.
promote the integrity of and uphold the rules governing capital markets
maintian and improve their professional competence and strive to maintain and improve the competence of other investment professionals.
Seven Standards of professional conduct
Professionalism,Integrity of Capital markets,duties to clients,duties to employers,investment analysis,recommendations,and actions.conflicts of interest,respoinsibilities as a CFA institute member or CFA candidate.
Reading2.
笔记：
Professionalism----A Law
adhere to the more strict one among which code and standards and local regulation.
comply with applicable law or regulation related to their proffesional activities.
应该怎么做？
first step:bring it to the attetention of the employr through a supevisor or the complance department.
if it is unsuccsessful then,dessociate self from the activity.
当你发现你的同事或者朋友犯错时应该怎么做？
CFA Institute strongly encourage members and candidate to report the violations of the code and standards committed by fellow members and candidates,however a failure to report is unlikely to be constructed as a violation.
Application:
1.The Notification of known violations:
not seek for the advise of legal counsel,instead,report the situation to supervisor so that he or she can come up with a legal independent opinion.(找依据。。)
2.knowing服务对象隐瞒了部分事实，对应应该怎样做步骤进行处理
3.Knowing that misrepresenting performance would be involved if he followed the instruction,he must try to dissociated from the violation.对应应该怎样做步骤进行处理
4.(1)Follow the highest requirement
(2)Aware the risks that small market and the absence of a fairly regulated flow of information to the maket represent to his ability to obtain information and make timely judgments.
(3)Aware the probablity of violation of material nonpublic information which is Standard II(A)
