Ethics and Trust in the Investment Profession

Free CFA Level I lesson in Ethical and Professional Standards. 21 min read, ~3,083 words.

Ethics = shared beliefs about good vs. bad conduct, expressed as principles that guide behavior beyond self-interest. A profession rests on specialized knowledge, a code of ethics, ongoing education, and a commitment to serve. Enforcement separates a profession from an occupation. A code of ethics defines principles, communicates expectations, and...