IFC Chapter 18 - Applying Ethical Standards to what you have Learned

Ethics can be defined as:
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Terms in this set (16)
Ethics can be defined as:
The rules or standards governing the behavior of a particular group or profession

a set of moral principles and values

the study of the general nature of morals and the moral choices made by individuals
What are the 5 primary values that registered individuals must observe?
Duty of Care

integrity

professionalism

compliance

confidentiality
What are the three major components of Duty of Care?
KYC, Due diligence and unsolicited orders
Having provided sound advice based on due diligence, KYC and unsolicited orders, you will be above reproach from what?
unsuitable purchases and sales of securities for a client who does not heed your advice
Integrity requires that you observe what?
honesty, fairness and trustworthiness

priority of client's interests

Respect for client's assets

complete and accurate information relayed to the client

disclosure
There are two parts to a trust relationship, what are they?
competence and integrity
What are the two parts of Client Business that you must conduct yourself professionally in?
All parts
You must make sure that you are in compliance with what two governing bodies?
Securities acts and SRO rules
Confidentiality requires that you refrain from discussing this information with anyone outside your _____________________.
dealer
Growth funds generally hold most of their capital in what type of equity and how much?
small cap and 80%
What are the 5 codes of conduct?duty of care integrity professionalism compliance confidentialityrecognizing there is a moral dilemma assessing you options in terms of moral criteria commit to a strategy to resolve the dilemma carry out the strategy this is the step by step process of what?Ethical decision makingWhich code of conduct does churning breach?IntegrityThe concept of ethics includes:the rules governing the behavior of a profession or group a set of moral values or principles the study of moral choices people make and the general natures of moralsEthics can be defined as?a set of values and standards that guide individual behaviorTaking a client's order as per his instructions and with his approval (unless a discretionary or managed account agreement is in place) falls under what standard?professionalism