Ethics Essentials Flashcards

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Terms in this set

Independence Maintaining objectivity by avoiding economic, employment, or personal relationships that could compromise judgment.
Diligence Acting with reasonable care and a reasonable basis when conducting investment analysis, making recommendations, or taking action.
Loyalty Acting in the employer's best interests and not depriving the employer of one's skills, knowledge, or business contacts.
Fairness Dealing fairly and objectively with all clients when distributing recommendations, making decisions, or taking action.
Disclosure Full and fair disclosure of any matter that could reasonably be expected to impair independence, objectivity, or duties to clients.
Confidentiality Keeping client information confidential unless the information concerns illegal activities, disclosure is required by law, or the client permits.
Integrity Acting with integrity, competence, diligence, and respect to support the integrity of capital markets.
Misconduct Professional conduct involving dishonesty, fraud, or deceit, or any act that reflects adversely on professional reputation, integrity, or competence.
Plagiarism Use of another's ideas, language, or analysis without attribution — a violation of the Misrepresentation standard.
Suitability Recommendations must be appropriate to the client's investment experience, risk tolerance, financial position, and objectives.