Code of Ethics for CFA® Level 1 Exam

Members of AIMR shall practice and encourage professional and ethical behavior, benefiting members and their profession.

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Question

Complete the following: According to The Code of Ethics, members of AIMR shall: "Practice and encourage others to practice in a professional and ethical manner that will ________ members and their profession."

Answers

Explanations

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A. B. C. D. E.

B

According to The Code of Ethics, members of AIMR shall: "Practice and encourage others to practice in a professional and ethical manner that will reflect credit on members and their profession."

According to the Code of Ethics for members of AIMR (Association for Investment Management and Research), the specified objective is for members to practice and encourage others to practice in a professional and ethical manner that will "reflect credit on" members and their profession.

Option B, "reflect credit on," is the correct answer.

This phrase implies that members of AIMR should conduct themselves in a way that enhances their professional reputation and that of their profession as a whole. By adhering to high standards of professionalism and ethics, AIMR members can contribute to the positive perception and credibility of the investment management field.

The phrase "reflect credit on" signifies that members should act in a manner that brings honor, respect, and positive recognition to themselves and their profession. This can be achieved through various means, such as acting with integrity, putting clients' interests first, maintaining competence, and engaging in ethical decision-making processes.

It is important for professionals in any field, including investment management, to uphold ethical standards and conduct themselves in a manner that enhances the reputation of their profession. This fosters trust among clients, investors, and the general public, and contributes to the overall integrity of the financial industry.

Therefore, option B, "reflect credit on," is the most appropriate choice to complete the given statement in accordance with the Code of Ethics for members of AIMR.