文档介绍：: Describe the structure of the CFA Institute Professional Conduct Program and the process of the enforcement of the Code and Standards.
Several circumstances prompt an inquiry:
1) self-disclosure by members or candidates on annual Professional Conduct Statement of involvement in civil litigation or a criminal investigation, or that the member or candidate is the subject of a plaint.
2) plaints about a member or candidate's professional conduct that are received by the Professional Conduct Staff.
3) Evidence of misconduct by a member or candidate that the Professional Conduct staff received through public sources
4) A report by a CFA exam proctor of a possible violation during the examination
Once an inquiry begins, may 1) request (in writing) an explanation from the subject member or candidate, & may:2) interview the subject member or candidate; 3) interview plainant or other third parties; 4) collect documents and records relevant to the investigation.
Possible decision of Designated Officer: 1) no disciplinary sanctions are appropriate, 2) to issue a cautionary letter 3) to discipline the member or candidate
=> subject member or candidate can accept or reject the sanction, if reject, the matter will be referred to a panel of CFA institute members for a hearing. Sanctions imposed may include condemnation by the members' peers or suspension of candidates' continued participation in the CFA Program.
: State the ponents of the Code of Ethics and the seven standards of Professional Conduct.
Code of Ethics
1) Act with integrity, competence, diligence, respect, and in an ethical manner with the public, clients, prospective clients, employers, employees, colleagues in the investment profession, and other participants in the global capital markets.
2) Place the integrity of the investment profession and the interests of clients above their own interests.
3) Use reasonable care and exercise independent professional judgment when conducting investm