Reading 1： Ethics and Trust in the investment profession
1.1 Ethics and Trust
1.a Explain ethics
Ethics can be described as a set of shared beliefs about what is good or acceptable behavior and what is bad or unacceptable behavior.
1.b Describe the role of a code of ethics in defining a profession.
A code of ethics is a written set of moral principles that can guide behavior by describing what is considered acceptable behavior.
1.c: Describe professions and how they establish trust
- A code and standards for professional behavior.
- A regulatory body to enforce rules concerning professional behavior and monitor the ethical behavior of members.
- A focus on the needs of their clients (e.g., students, patients).
- A focus on service to society.
- A requirement to put client interests first.
- A focus on or requirement for continuing education.