Standard II: Relationships with and Responsibilities to

C

Standard II of the Standards of Professional Conduct deals with Relationships with and Responsibilities to the Profession.

Standard II of the Standards of Professional Conduct deals with Relationships with and Responsibilities to Clients.

The correct answer is B. Clients.

The CFA® (Chartered Financial Analyst) Institute has established the Standards of Professional Conduct, which serve as a guide for ethical behavior in the investment industry. These standards are designed to promote integrity, professionalism, and the protection of investor interests.

Standard II focuses specifically on the relationships between CFA® charterholders and candidates and their clients. It outlines the responsibilities that investment professionals have towards their clients and emphasizes the importance of acting in the best interests of clients and placing their interests ahead of their own.

Here's a detailed explanation of the other answer choices:

A. AIMR: AIMR stands for the Association for Investment Management and Research, which was the former name of the CFA® Institute. However, Standard II does not specifically address the relationship with AIMR. Therefore, option A is incorrect.

C. The Profession: While maintaining a strong ethical conduct is crucial for the investment profession as a whole, Standard II does not directly deal with the relationship with or responsibilities to the profession. It primarily focuses on the responsibilities towards clients. Hence, option C is incorrect.

D. Employers: Although professionals in the investment industry have obligations towards their employers, Standard II primarily emphasizes the responsibilities towards clients. While certain aspects related to employers may be covered in other standards, such as loyalty to the employer and avoidance of conflicts of interest, the primary focus of Standard II is on clients. Therefore, option D is incorrect.

E. None of these answers: This option is incorrect because Standard II specifically deals with the relationships with and responsibilities to clients.