AIMR Member Ethics in Atlantis

B

A member must always abide by the AIMR code (Standard I), unless the local laws in any given case are stricter, in which case, the stricter standard applies.

Based on the information provided in the question, an AIMR (Association for Investment Management and Research) member who resides in Atlantis, where some laws are stricter than the AIMR Code of Ethics and others are less strict, should follow:

Answer: B. A combination of the two which results in a stricter set of laws.

Here's a detailed explanation:

The AIMR Code of Ethics is a set of professional standards and guidelines that members of the AIMR are expected to adhere to. These standards help ensure the integrity, professionalism, and ethical behavior of investment professionals. However, in the given scenario, it is mentioned that some laws in Atlantis are stricter than the AIMR Code of Ethics, while others are less strict.

Option A suggests that the member should follow Atlantis' laws since they reside in Atlantis. However, this answer does not consider the fact that the AIMR Code of Ethics is specifically designed to provide a strict set of rules for investment professionals. Residing in a particular location does not automatically override the professional standards set by the AIMR.

Option C suggests that the member should follow the AIMR code since it is a strict set of rules. While the AIMR Code of Ethics is indeed a strict set of rules, it is important to note that it is not the only set of rules governing the member's behavior. If Atlantis has stricter laws in certain areas, it is expected that the member should also comply with those laws to ensure full compliance with local regulations.

Option D states that it is not clear from the information provided. While it is true that the question does not provide specific details about the conflicting laws or their nature, it is still possible to make a logical inference based on the general principles of professional conduct and legal compliance.

Therefore, the most appropriate answer is B. A combination of the two which results in a stricter set of laws. The member should follow both the AIMR Code of Ethics and the stricter laws of Atlantis. By combining the two sets of rules, the member ensures compliance with both the professional standards of the AIMR and the local legal requirements of Atlantis, ultimately adhering to the highest level of ethical and legal standards.