Professional Documents
Culture Documents
Insider trading is the trading of a corporation's stock or other securities (e.g. bonds or stock options) by individuals with potential access to non-public information about the company
Such a trade is motivated by the possibility of generating extraordinary gain with the help of nonpublic information (information not yet made public). It gives the trader an unfair advantage over other traders in the same security.
3. Campaign financing
claims of a competitor Offer a customer an unauthorized gift in return for their business Conceal information from a customer in order to get their business and to meet your sales goals Put non business-related expenses on your expense account Divulging confidential information about one customer to another in order to facilitate a sale
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Everybody else is doing it. Its not that big of a deal. Its necessary (the ends justify the means). Its not going to hurt anyone. Its for the benefit of the company or somebody else. I deserve it. Its legal. Nobody will know.
Service products These products are designed to protect clients against unanticipated losses. They include health, auto and homeowners' insurance, for example. Such product recommendations do not result from a firm's core offering.
Investment products These are designed to accumulate wealth. This category is transactional--based on market trades--and as such the most removed from a firm's core services.
4. Weak links
5. Auditors role 6. Institutional investors
is to enable clients to grow and protect their wealth. This means trillions of dollars of assets are involved. The Financial Services industry is also highly regulated. Regulation minimizes fraud, theft and misuse. Ethics purifies the industry. Ethics set the standards of excellence for professionals in financial services. Ethics in the financial services industry affect everyoneeven consumers. If you are not a Financial Services Professional, youre a consumer of Financial Services.
Code Of Ethics
Protecting the financial interests of clients Conducting business with high transparency
service recommendations Respecting and maintaining confidentiality of any information entrusted to you Use of only sales illustrations that are completely accurate and compliant with state and Central Govt regulations Knowing when to refer clients to another professional when a planning situation is outside your area of practice or skill sets.
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