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Basic Question 4 of 5
High standards for ethical conduct in the investment industry are so important because the industry is based almost entirely on the ______.
B. trust of clients
C. competency of investment professionals
A. specialized skills and knowledge of investment professionals
B. trust of clients
C. competency of investment professionals
User Contributed Comments 5
| User | Comment |
|---|---|
| better1by1 | i didn't get it why just clients |
| khalifa92 | without clients money from wherth ? |
| Antoinepo | It's because clients are the source of wealth, without them there would be no money to invest/manage |
| pigletin | disagree. There will be no trust without specialized skills |
| KikeAjose | I also disagree because specialized skills also important. |
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Learning Outcome Statements
describe the role of a code of ethics in defining a profession
describe professions and how they establish trust
describe the need for high ethical standards in investment management
explain professionalism in investment management
CFA® 2025 Level I Curriculum, Volume 6, Module 1.