CFA Institute Code of Ethics and Standards Quiz

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Questions and Answers

What is the purpose of the CFA Institute Code of Ethics and Standards of Professional Conduct?

To ensure profitability for investment professionals globally
To restrict the activities of CFA Institute members
To promote the highest standards of ethics, education, and professional excellence for the benefit of society (correct)
To maintain the public's trust in financial markets through strict regulations

When were the Code and Standards of Professional Conduct created?

In the 1990s
In the 1970s
In the 1960s (correct)
In the 1980s

What is the consequence of reproducing or transmitting any part of the book without publisher's prior permission?

Verbal reprimand
Monetary fine
Warning letter
Prosecution (correct)

Why are high ethical standards important in the investment profession?

<p>To maintain the public's trust in financial markets (D)</p> Signup and view all the answers

What is the mission of CFA Institute with regards to the investment profession?

<p>To lead the investment profession globally by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society (C)</p> Signup and view all the answers