Podcast
Questions and Answers
What is a key aspect of making ethical decisions?
What is a key aspect of making ethical decisions?
- Considering only personal gain
- Ignoring ethical standards
- Following peer pressure
- Evaluating the consequences of actions (correct)
What should professionals know regarding unethical decisions?
What should professionals know regarding unethical decisions?
- They are always forgiven
- They have no long-term consequences
- They can result in penalties (correct)
- They lead to increased professional opportunities
Which body governs the ethical conduct in investment and financial services?
Which body governs the ethical conduct in investment and financial services?
- CFA Institute (correct)
- Local governments
- Personal advisors
- Community organizations
What should be included in understanding the CFA's Code of Ethics?
What should be included in understanding the CFA's Code of Ethics?
Why is it important to understand regulatory bodies in the investment industry?
Why is it important to understand regulatory bodies in the investment industry?
What is a common misconception about ethical decision making?
What is a common misconception about ethical decision making?
Which of the following is a penalty for making unethical decisions?
Which of the following is a penalty for making unethical decisions?
What should be prioritized when discussing ethical issues in finance?
What should be prioritized when discussing ethical issues in finance?
What is one of the objectives of the CSA?
What is one of the objectives of the CSA?
How does the CSA aim to ensure fair access to markets?
How does the CSA aim to ensure fair access to markets?
What is a goal related to systemic risk according to the CSA?
What is a goal related to systemic risk according to the CSA?
Which of the following is NOT an objective of the CSA?
Which of the following is NOT an objective of the CSA?
What is a primary focus of the CSA regarding market activities?
What is a primary focus of the CSA regarding market activities?
What is the primary focus of the course described?
What is the primary focus of the course described?
Which model is used to assist in discussions and debates in this course?
Which model is used to assist in discussions and debates in this course?
What is the role of the instructor in the course?
What is the role of the instructor in the course?
Why might the instructor stop a discussion in the course?
Why might the instructor stop a discussion in the course?
Which ethics framework is emphasized alongside the Decision-Making Model?
Which ethics framework is emphasized alongside the Decision-Making Model?
What method is primarily used by students to learn ethics in this course?
What method is primarily used by students to learn ethics in this course?
What is the expected outcome for students after completing the course?
What is the expected outcome for students after completing the course?
Who developed the course on ethics?
Who developed the course on ethics?
What is one key indicator of unethical behaviour?
What is one key indicator of unethical behaviour?
Which option best describes the motivation behind unethical behaviour?
Which option best describes the motivation behind unethical behaviour?
What does unethical behaviour often involve regarding information?
What does unethical behaviour often involve regarding information?
Which statement is correct about ethical decision-making?
Which statement is correct about ethical decision-making?
Which of the following actions could be considered unethical?
Which of the following actions could be considered unethical?
What is an example of self-serving behaviour that may be unethical?
What is an example of self-serving behaviour that may be unethical?
What is an ethical dilemma characterized by unethical behaviour?
What is an ethical dilemma characterized by unethical behaviour?
Why might unethical behaviour occur in decision-making?
Why might unethical behaviour occur in decision-making?
What is the primary role of the Ombudsman for Banking Services and Investments (OBSI)?
What is the primary role of the Ombudsman for Banking Services and Investments (OBSI)?
Which action is recommended for staying informed about ethical issues in banking?
Which action is recommended for staying informed about ethical issues in banking?
Who developed the course referenced in the content?
Who developed the course referenced in the content?
What is an effective way to prepare for discussions in the course?
What is an effective way to prepare for discussions in the course?
As of 2024, what aspect of ethics should students focus on during this course?
As of 2024, what aspect of ethics should students focus on during this course?
What is a primary focus area for discussions within the course?
What is a primary focus area for discussions within the course?
What is one potential benefit of understanding the role of OBSI?
What is one potential benefit of understanding the role of OBSI?
What platform should participants reference for information about OBSI?
What platform should participants reference for information about OBSI?
Study Notes
Course Objectives
- Students will learn about the CFA's Code of Ethics and Standards of Professional Conduct
- Students will learn about laws and regulations governing the investment and financial services industries
- Students will understand the penalties for unethical decisions
Ethical Behavior
- Unethical behavior can be defined as the opposite of doing the "right thing"
- Unethical behavior is characterized by actions or decisions that:
- Result in harm to someone or something
- Benefit oneself at the expense of another
- Knowingly conceal information
- Prioritize an individual's interest over those they are meant to serve
Regulatory Objectives
- The CSA's objectives are to:
- Protect investors from fraudulent, manipulative, or misleading practices
- Ensure investors have fair access to markets
- Reduce systemic risk of market failure
- Deter and penalize market manipulation and unfair trading practices
Course Material
- The course will cover the CFA’s Code of Ethics and Standards of Professional Conduct, the Canadian Securities Administrators (CSA), the Ombudsman for Banking Services and Investments (OBSI)
- Students will learn to argue their positions on ethical issues through class debates and discussions
- Students will learn to apply the Decision-Making Model
- The instructor may limit, intervene, or stop discussions to ensure correct understanding and completion of course materials
- Students are expected to review assigned readings in the course outline
- Students should be prepared to discuss current events related to financial ethics
- Students should be prepared to discuss the role and activities of the Ombudsman for Banking Services and Investments (OBSI)
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
This quiz covers the CFA's Code of Ethics and Standards of Professional Conduct, detailing the importance of ethical behavior in the investment and financial services industries. It explores the consequences of unethical actions and the role of regulations in protecting investors and ensuring fair market access.
