Ethics and Trust in the Investment Profession

Free CFA Level I lesson in Ethical and Professional Standards. 20 min read, ~3,037 words.

Ethics = shared beliefs about good vs. bad conduct, expressed as principles that guide behavior beyond self-interest. A code of ethics is what converts a skilled occupation into a profession by binding members to client-first conduct. Ethical and legal standards overlap but are not identical. Conduct can be legal yet...

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