Experiences has shown that the working investment professional can best understand and apply the Code of Ethics and the Standards of Professional Chartered Financial Analysts (ICFA) if the Code and the Standards are accompanied by practical illustrations describing the application of individual standards in particular situations. The Standards of Practice Handbook was developed to provide just such assistance. A clear understanding of the contents will enhance the prospects of the securities analyst and investment manager for making ethical decisions and accepting responsibility on behalf of the investment profession. This, in turn, constitutes a basic ingredient in maintaining public trust.
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