Ethical Standards & Professional Conduct Flashcards
6 cards from real IAR practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Ethical Standards & Professional Conduct flashcards as text
A IAR professional discovers a conflict of interest. What is the MOST ethical action?
Answer: Disclose immediately and recuse if necessary
Immediate disclosure protects integrity and stakeholder interests.
What is the PRIMARY ethical obligation of a certified Investment Adviser Representative professional regarding confidential information?
Answer: Protect from unauthorized disclosure at all times
Confidentiality is a fundamental ethical obligation.
When pressured to compromise IAR professional standards, the BEST response is to:
Answer: Document the pressure and uphold standards
Documentation creates a record while maintaining ethical integrity.
Which scenario violates the Investment Adviser Representative code of professional conduct?
Answer: Misrepresenting qualifications or certification status
Misrepresentation undermines public trust and professional integrity.
Asked to provide IAR services outside scope of competence, the CORRECT response is to:
Answer: Decline and refer to a qualified professional
Working within scope of competence protects client welfare.
What is the MOST important reason for Investment Adviser Representative professionals to maintain continuing education?
Answer: Stay current with evolving standards and regulations
CE ensures professionals remain current with evolving standards.