R58: GUIDANCE FOR STANDARD I TO VII
(Nhớ coi note thêm)

I. PROFESSIONALISM

III. DUTIES TO CLIENTS

II. INTEGRITY OF FINANCIAL MARKET

VII. RESPONSIBILITIES OF A CFA INSTITUTE MEMBER OR A CFA CANDIDATE

IV. DUTIES TO EMPLOYERS

VI. CONFLICTS OF INTEREST

V. INVESTMENT ANALYSIS,
RECOMMENDATIONS & ACTIONS

I(B). Independence and Objectivity
(Không nhận quà)

I(C). Misrepresentation

I(A). Knowledge of the Law

I(D). Misconduct

NO Participation in or Association with Violations by Others

Investment Products and Applicable Laws

Relationship between the Code & Standard and Applicable Law

a. Buy-Side Clients
b. Fund Manager and Custodial Relationships (... và lưu ký)
c. Investment-Banking Relationships
d. Performance Measurement and Attribution
e. Public Companies
f. Credit Rating Agency Opinions
g. Influence during the Manager Selection/Procurement Process
h. Issuer-Paid Research
i. Travel Funding

a. Impact on Investment Practice
b. Performance Reporting (Benchmark đúng)
c. Social Media
d. Omission
e. Plagiarism (Đạo văn, Copy ko ghi nguồn)
f. Work completed for Employer

Any act that involves lying, cheating, stealing, or other dishonest conduct

II (A): Material Nonpublic Information
(Không ra quyết định bằng Material Non-public info)

II (B): Market Manipulation

a. Definition of Material Information (Đọc ĐN lại)
b. Definition of Nonpublic Information (Đọc ĐN lại)
c. Mosaic Theory (Bạn dùng non-material + non-public thì được, chứ material + non-public là chết)
d. Social Media (Không lấy thông tin từ MXH để dùng vào trong analysis)
e. Using Industry Expert (trả tiền để mua thông tin được)
f. Investment Research Reports

a. Information Based Manipulation
(Đưa ra thông tin sai lệch để manipulate)
b. Transaction Based Manipulation
(Trade qua lại giữa 2 tài khoản => tăng KL)

III(A): Loyalty, Prudence, and Care

III(B): Fair Dealing

III(C): Suitability

III(D): Performance Presentation

a. Understanding the Application of Loyalty, Prudence, and Care
b. Identifying the Actual Investment Client
c. Developing the Client’s Portfolio
d. Soft Commission Policies (seek best price and best execution)
e. Proxy Voting Policies

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a. Investment recommendation
b. Investment action
(Khuyến nghị cho mọi khách hàng phải tương đương nhau, tức là đều là mua, hoặc đều là bán. Có điều là giải thích ít hay nhiều là tùy)

a. Developing an Investment Policy
b. Understanding the Client’s Risk Profile
c. Updating an Investment Policy
d. The Need for Diversification
e. Addressing Unsolicited Trading Requests
f. Managing to an Index or Mandate