Integrity

Acting with integrity, competence, diligence, and respect to support the integrity of capital markets.

The Code lists integrity as the first ethical principle. Standard II elevates it to a duty owed not just to clients but to the marketplace itself — prohibiting trading on material nonpublic information and any practice (e.g., spoofing, wash trades, false rumors) that distorts prices or volumes.

Related terms

Back to Ethics and Professional Standards