Microsoft PowerPoint - FIM_Lecture_5_Ethics_instructor/Rated A

ETHICS IN THE INVESTMENT INDUSTRY Learning Module 4 CFA Code of Ethics & Standards of Practice Handbook 1 WARNING This material has been reproduced and communicated to you by or on behalf of Curtin Un iversity in accordance with section 113P of the Copyright Act 1968 (the Act) The material in this communication may be subject to copyright under the Act. Any further reproduction or communication of this material by you may be the subject of copyright protection under the Act. Do not remove this notice. Material in this presentation is adapted and based on the CFA Institute Investment Series books. 2 Learning Outcomes • Understand why ethics are fundamental to market integrity • Describe the different influences and circumstances on unethical conduct • Describe an ethical decision making framework, and how to resolve ethical dilemmas • Describe the code of ethics, and identify the standards of professional conduct • Identify if unethical behavior has occurred in relation to the CFA Institute Code of Ethics and Standards of Professional Conduct Material in this presentation is adapted and based on the CFA Institute Investment Series books. 3 Ethical Landscape • Market collapse in 2008‐09 was devastating to faith and confidence in the investment industry • Functioning capital markets depend on trust. Trust is earned through ethical conduct Ethics are fundamental to market integrity • Clients demand ethical conduct from managers ‐ not just good performance Material in this presentation is adapted and based on the CFA Institute Investment Series books. 4 Industry Trust Rankings • How much do you trust the following industries to do what is right?