Number of very interesting video lectures are available on YouTube. They are collected and posted in a blog on management videos.
Visit the collection
http://mgmtvideo.blogspot.in/search/label/CFA%20Level%201
Wednesday, July 18, 2012
2012 CFA Level 1 YouTube Video Lectures
Number of very interesting video lectures are available on YouTube. They are collected and posted in a blog on management videos.
Visit the collection
http://mgmtvideo.blogspot.in/search/label/CFA%20Level%201
Saturday, January 31, 2009
Investment Banking, Analysis and Portfolio Management Concepts Directory
I am developing a directory of concepts on knol platform. Prsently I am setting up the framework or structure. I shall create individual knols for each concept over a period of time.
Investment Banking, Analysis and Portfolio Management Concepts Directory (Ua to Uz)
http://knol.google.com/k/narayana-rao-kvss/copy-of-investment-banking-analysis-and/2utb2lsm2k7a/835
Investment Banking, Analysis and Portfolio Management Concepts Directory (Ua to Uz)
http://knol.google.com/k/narayana-rao-kvss/copy-of-investment-banking-analysis-and/2utb2lsm2k7a/835
Saturday, November 15, 2008
Ethical and Professional Standards - The Importance
The Importance of Ethics
Definitions of Important Terms
The AIMR Code of Ethics
Ethical Responsibilities Required by the Code
Main Prescriptions of the Code
1. Act with integrity
2. Be a credit to the profession
3. Use independent professional judgment
Definitions of Important Terms
The AIMR Code of Ethics
Ethical Responsibilities Required by the Code
Main Prescriptions of the Code
1. Act with integrity
2. Be a credit to the profession
3. Use independent professional judgment
The AIMR code of Professional Conduct - A. Standard I.: Fundamental responsibilities
1. 1(A) Know and comply with laws, regulations, ethical codes and professional standardsa.
Required conduct
Members must comply with the laws and regulations of their home country when residing and working in foreign countries or in trading foreign securities, as well as with the local laws and regulations ad the AIMR Code of ethics and Standards of Professional conduct. When these laws, regulations, codes and standards are different, the member must comply with the most strict laws, regulations, codes and standards to which he or she is subject.
2. I(B): Do not knowingly Participate or assist others in any violations of applicable regulations or ethical codes
Required conduct
Members are responsible for legal and ethical violations in which they knowingly participate or assist. Although members are presumed to know all applicable laws and regulations, AIMR recognizes that a member may not realize there is a violation because he or she might not be aware of all the facts giving rise to the violation.
Required conduct
Members must comply with the laws and regulations of their home country when residing and working in foreign countries or in trading foreign securities, as well as with the local laws and regulations ad the AIMR Code of ethics and Standards of Professional conduct. When these laws, regulations, codes and standards are different, the member must comply with the most strict laws, regulations, codes and standards to which he or she is subject.
2. I(B): Do not knowingly Participate or assist others in any violations of applicable regulations or ethical codes
Required conduct
Members are responsible for legal and ethical violations in which they knowingly participate or assist. Although members are presumed to know all applicable laws and regulations, AIMR recognizes that a member may not realize there is a violation because he or she might not be aware of all the facts giving rise to the violation.
B. Standard II: Relationships with and Responsibilities to the Profession
1. II(A) Use of Professional designation
Required conduct
a. Members of AIMR may reference their membership only in a dignified and judicious manner. An accurate explanation of requirements that have been met to obtain membership may be included.
b. CFA charterholder members may use “Chartered financial Analyst,” or the CFA mark in a dignified and judicious manner. An accurate explanation of requirements tht have been met to obtain the designation may be included.
c. Candidates may reference their participation in the CFA program, as long as it is made clear that they are only a candidate. Only those awarded the CFA charter may use the initials “CFA” after their name. There is no special entitlement or partial designation to someone who has passed one or more CFA examinations, but who has not been awarded a charter.
2. II(B) Do not engage in any act that adversely reflects upon you honesty, trustworthiness, or professional competence
This standard goes beyond acts committed in a professional capacity (which are addressed in Standard I (A)). Standard II (B) concerns personal integrity and behavior that reflect on the entire profession. Violations include:
a. Convictions for a felony or any crime punishable by more than one year in prison, even if not related to professional activities.
b. Conviction or a misdemeanor involving moral turpitude, such as lying, cheating, stealing, and other dishonest conduct.
c. Repeated convictions of misdemeanors, no matter how inconsequential, because a large number of such convictions might suggest a disrespect for the law.
d. An action that reflects negatively on the level of ethical conduct of a CFA.
Required conduct
3. II© Do not plagiarise
Violations of this standard include the following:
a. Using parts of reports or articles prepared by other, either verbatim, or with only a slight change in wording without acknowledgement of the source.
b. Attributing specific quotations to “leading analysts”
or “investment experts,” without specifically referring to them by name.
c. Presenting statistical estimates or forecasts made by others with the source identified, but without any of the caveats that appeared in the source.
d. Using a chart or graph prepared by others without stating the source.
Required conduct
a. Members of AIMR may reference their membership only in a dignified and judicious manner. An accurate explanation of requirements that have been met to obtain membership may be included.
b. CFA charterholder members may use “Chartered financial Analyst,” or the CFA mark in a dignified and judicious manner. An accurate explanation of requirements tht have been met to obtain the designation may be included.
c. Candidates may reference their participation in the CFA program, as long as it is made clear that they are only a candidate. Only those awarded the CFA charter may use the initials “CFA” after their name. There is no special entitlement or partial designation to someone who has passed one or more CFA examinations, but who has not been awarded a charter.
2. II(B) Do not engage in any act that adversely reflects upon you honesty, trustworthiness, or professional competence
This standard goes beyond acts committed in a professional capacity (which are addressed in Standard I (A)). Standard II (B) concerns personal integrity and behavior that reflect on the entire profession. Violations include:
a. Convictions for a felony or any crime punishable by more than one year in prison, even if not related to professional activities.
b. Conviction or a misdemeanor involving moral turpitude, such as lying, cheating, stealing, and other dishonest conduct.
c. Repeated convictions of misdemeanors, no matter how inconsequential, because a large number of such convictions might suggest a disrespect for the law.
d. An action that reflects negatively on the level of ethical conduct of a CFA.
Required conduct
3. II© Do not plagiarise
Violations of this standard include the following:
a. Using parts of reports or articles prepared by other, either verbatim, or with only a slight change in wording without acknowledgement of the source.
b. Attributing specific quotations to “leading analysts”
or “investment experts,” without specifically referring to them by name.
c. Presenting statistical estimates or forecasts made by others with the source identified, but without any of the caveats that appeared in the source.
d. Using a chart or graph prepared by others without stating the source.
B. Standard II: Relationships with and Responsibilities to the Profession
1. II(A) Use of Professional designation
Required conduct
a. Members of AIMR may reference their membership only in a dignified and judicious manner. An accurate explanation of requirements that have been met to obtain membership may be included.
b. CFA charterholder members may use “Chartered financial Analyst,” or the CFA mark in a dignified and judicious manner. An accurate explanation of requirements tht have been met to obtain the designation may be included.
c. Candidates may reference their participation in the CFA program, as long as it is made clear that they are only a candidate. Only those awarded the CFA charter may use the initials “CFA” after their name. There is no special entitlement or partial designation to someone who has passed one or more CFA examinations, but who has not been awarded a charter.
2. II(B) Do not engage in any act that adversely reflects upon you honesty, trustworthiness, or professional competence
This standard goes beyond acts committed in a professional capacity (which are addressed in Standard I (A)). Standard II (B) concerns personal integrity and behavior that reflect on the entire profession. Violations include:
a. Convictions for a felony or any crime punishable by more than one year in prison, even if not related to professional activities.
b. Conviction or a misdemeanor involving moral turpitude, such as lying, cheating, stealing, and other dishonest conduct.
c. Repeated convictions of misdemeanors, no matter how inconsequential, because a large number of such convictions might suggest a disrespect for the law.
d. An action that reflects negatively on the level of ethical conduct of a CFA.
Required conduct
3. II© Do not plagiarise
Violations of this standard include the following:
a. Using parts of reports or articles prepared by other, either verbatim, or with only a slight change in wording without acknowledgement of the source.
b. Attributing specific quotations to “leading analysts”
or “investment experts,” without specifically referring to them by name.
c. Presenting statistical estimates or forecasts made by others with the source identified, but without any of the caveats that appeared in the source.
d. Using a chart or graph prepared by others without stating the source.
Required conduct
a. Members of AIMR may reference their membership only in a dignified and judicious manner. An accurate explanation of requirements that have been met to obtain membership may be included.
b. CFA charterholder members may use “Chartered financial Analyst,” or the CFA mark in a dignified and judicious manner. An accurate explanation of requirements tht have been met to obtain the designation may be included.
c. Candidates may reference their participation in the CFA program, as long as it is made clear that they are only a candidate. Only those awarded the CFA charter may use the initials “CFA” after their name. There is no special entitlement or partial designation to someone who has passed one or more CFA examinations, but who has not been awarded a charter.
2. II(B) Do not engage in any act that adversely reflects upon you honesty, trustworthiness, or professional competence
This standard goes beyond acts committed in a professional capacity (which are addressed in Standard I (A)). Standard II (B) concerns personal integrity and behavior that reflect on the entire profession. Violations include:
a. Convictions for a felony or any crime punishable by more than one year in prison, even if not related to professional activities.
b. Conviction or a misdemeanor involving moral turpitude, such as lying, cheating, stealing, and other dishonest conduct.
c. Repeated convictions of misdemeanors, no matter how inconsequential, because a large number of such convictions might suggest a disrespect for the law.
d. An action that reflects negatively on the level of ethical conduct of a CFA.
Required conduct
3. II© Do not plagiarise
Violations of this standard include the following:
a. Using parts of reports or articles prepared by other, either verbatim, or with only a slight change in wording without acknowledgement of the source.
b. Attributing specific quotations to “leading analysts”
or “investment experts,” without specifically referring to them by name.
c. Presenting statistical estimates or forecasts made by others with the source identified, but without any of the caveats that appeared in the source.
d. Using a chart or graph prepared by others without stating the source.
C. Standard III: Relationships with and responsibilities to the Employer
1. III(A) Inform Employers of the code of ethics and standards of professional conduct
Required conduct
Members must inform their immediate supervisor, in writing, that they are required to conform to the Code of Ethics and Standards of Professional Conduct. They are obligated to deliver a copy of the Code and Standards to their supervisor. This procedure is not necessary only if the employer has stated in writing, that the firm’s policies already include AIMR’s Code and Standards.
Compliance Procedures
2. III(B) Duties owed to employers
Required conduct
Do not undertake independent practice in competition with your employer that might result in some compensation or other benefit, unless you have written consent from both your employer and the outside entity (client) to do so.
If a member contemplates performing services for an entity other than his or her employer that could result in compensation, by rendering a service currently available by the employer, a written statement to the employer must be made describing:
a. The types of services offered.
b. The expected duration of the service.
c. The compensation.
No service should be rendered without the current employer’s written approval.
Compliance Procedures
3. III© Disclose conflicts of interest to employer
Required conduct
Members must disclose to employers any material fact that could reasonably be expected to interfere with their duty to the employer, or their ability to act in an unbiased and objective manner. A conflict of interest exists with any situation that would interfere with the member rendering unbiased investment advice, or cause the member not to act in the employer’s best interest. Material ownership of stock, participation in outside boards, and financial or other pressures that may influence a decision should be promptly reported to the employer, so their impact can be assessed and a decision made on how to resolve the conflict.
4. III(D) Disclose additional compensation arrangements
Required conduct
Inform employers in writing of compensation (monetary or other) for services that are in addition to the compensation received from the employer. The employer is entitled to have full knowledge of a member’s compensation arrangements in order to assess the true cost of services, and their likely effects on the employee’s loyalities and objectivity.
Members must make a written disclosure to their employers specifying any compensation they propose to receive, in addition to the compensation received from primary employer.
5. III(E) Responsibility of Supervisors
Required conduct
Members with supervisory responsibility are expected to understand what constitutes an adequate compliance system for their firm and to make reasonable efforts to see that appropriate procedures are established, documented, communicated to subordinates, monitored and enforced. They are expected to have in-depth knowledge of the Code and Standards, and must exercise their responsibility with respect to both persons who hold and do not hold the CFA designation.
Required conduct
Members must inform their immediate supervisor, in writing, that they are required to conform to the Code of Ethics and Standards of Professional Conduct. They are obligated to deliver a copy of the Code and Standards to their supervisor. This procedure is not necessary only if the employer has stated in writing, that the firm’s policies already include AIMR’s Code and Standards.
Compliance Procedures
2. III(B) Duties owed to employers
Required conduct
Do not undertake independent practice in competition with your employer that might result in some compensation or other benefit, unless you have written consent from both your employer and the outside entity (client) to do so.
If a member contemplates performing services for an entity other than his or her employer that could result in compensation, by rendering a service currently available by the employer, a written statement to the employer must be made describing:
a. The types of services offered.
b. The expected duration of the service.
c. The compensation.
No service should be rendered without the current employer’s written approval.
Compliance Procedures
3. III© Disclose conflicts of interest to employer
Required conduct
Members must disclose to employers any material fact that could reasonably be expected to interfere with their duty to the employer, or their ability to act in an unbiased and objective manner. A conflict of interest exists with any situation that would interfere with the member rendering unbiased investment advice, or cause the member not to act in the employer’s best interest. Material ownership of stock, participation in outside boards, and financial or other pressures that may influence a decision should be promptly reported to the employer, so their impact can be assessed and a decision made on how to resolve the conflict.
4. III(D) Disclose additional compensation arrangements
Required conduct
Inform employers in writing of compensation (monetary or other) for services that are in addition to the compensation received from the employer. The employer is entitled to have full knowledge of a member’s compensation arrangements in order to assess the true cost of services, and their likely effects on the employee’s loyalities and objectivity.
Members must make a written disclosure to their employers specifying any compensation they propose to receive, in addition to the compensation received from primary employer.
5. III(E) Responsibility of Supervisors
Required conduct
Members with supervisory responsibility are expected to understand what constitutes an adequate compliance system for their firm and to make reasonable efforts to see that appropriate procedures are established, documented, communicated to subordinates, monitored and enforced. They are expected to have in-depth knowledge of the Code and Standards, and must exercise their responsibility with respect to both persons who hold and do not hold the CFA designation.
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