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CFA Institute unveils investor rights statement
By Ye Zhen |
April 3, 2013, Wednesday
|
Online Edition
Online Edition
CFA Institute, a global association of investment professionals, unveiled the Statement of Investor Rights yesterday as a kick-off for a long-term project to improve the integrity of the financial industry.
The statement includes a list of rights that investors are entitled to expect such as objective advice, disclosure of conflicts of interest, and fair and fees when they purchase financial products including investment management, research and advice, personal banking, insurance and real estate.
"The Statement of Investor Rights emphasizes the concept that the investor must always come first," said John Rogers, CFA, CEO and president of the CFA Institute. "We develop events, publications and significant research-based tools to reinforce the need for ethical conduct and professional practice to restore trust and confidence in finance."
The release of the statement is the first step of the Future of Finance project which aims to bring in both professionals and investors to participate in research and recommendations to help solve problems with the global financial system.
The project focuses on six topics of interest for all who rely on finance, including putting investors first; safeguarding the system; retirement security; financial knowledge; regulation and enforcement; and transparency and fairness.
CFA Institute, which sets the standard for professional excellence and credentials, has more than 114,000 members in 137 countries and territories, including 106,756 CFA charterholders, and 138 member societies.
The statement includes a list of rights that investors are entitled to expect such as objective advice, disclosure of conflicts of interest, and fair and fees when they purchase financial products including investment management, research and advice, personal banking, insurance and real estate.
"The Statement of Investor Rights emphasizes the concept that the investor must always come first," said John Rogers, CFA, CEO and president of the CFA Institute. "We develop events, publications and significant research-based tools to reinforce the need for ethical conduct and professional practice to restore trust and confidence in finance."
The release of the statement is the first step of the Future of Finance project which aims to bring in both professionals and investors to participate in research and recommendations to help solve problems with the global financial system.
The project focuses on six topics of interest for all who rely on finance, including putting investors first; safeguarding the system; retirement security; financial knowledge; regulation and enforcement; and transparency and fairness.
CFA Institute, which sets the standard for professional excellence and credentials, has more than 114,000 members in 137 countries and territories, including 106,756 CFA charterholders, and 138 member societies.
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