'Ethical practices by investment professionals benefit all market participants and stakeholders and lead to increased investor confidence in global capital markets. Clients are reassured that the investment professional they hire have the clients best interest in mind and investment professionals benefit from the "reputational capital" such integrity generates. Ethical practices instill a public trust in the fairness of markets, allowing them to function efficiently. In short, good ethics is a fundamental requirement of the investment profession.'Three comebacks for that unintentional comedy:
~Ethical and Professional Standards, CFA Curriculum Level 1
1. I didn't realize the CFA institute had such a great sense of humor!
2. Which planet are they certifying for? Certainly not Earth.
3. I think Goldman Sachs ought to get a CFA charterholder or 2 on staff.