Investment Analysis & Conflict of Interest & Responsibilities as a CFA

1、Investment Analysis,Recommendations, and Actions

A、Diligence and Reasonable Basis

Defining Diligence and Reasonable Basis

Using Secondary or Third-Party Research

Using Quantitatively Oriented Research

Developing Quantitatively Oriented Techniques

Selecting External Advisers and Sub advisers

Group Research and Decision Making

B、Communication with Clients and Prospective Clients

Informing Clients of the Investment Process

Different Forms of Communication

Identifying Risk and Limitations

Report Presentation

Distinction between Facts and Opinions in Reports

C、Record Retention

New Media Records

Records Are Property of the Firm

Local Requirements

2、Conflict of Interest

A、Disclosure of Conflict

Disclosure of Conflicts to Employers

Disclosure to Clients

Cross-Departmental Conflicts

Conflicts with Stock Ownership

Conflicts as a Director

B、Priority of Transaction

Avoiding Potential Conflicts

Personal Trading Secondary to Trading for Clients

Standards for Nonpublic Information

C、Referral Fees

states the responsibility of members and candidates to inform their employer, clients, and prospective clients of any benefit received for referrals of customers and clients.

3、Responsibilities as a CFA Institute Member or CFA Candidate

A、Conduct as Participants in the CFA Program

Confidential Program Information

Additional CFA Program Restrictions

Expressing an Opinion

B、Reference to CFA Institute，the CFA designation，and the CFA Program

CFA Institute Membership

Using the CFA Designation

Referring to Candidacy in the CFA Program

Proper Usage of the CFA Marks