Know the law (relevant to your job)

Obey the law (the strictest)

found to be illegal (dissociate)

Gift (reject lavish gifts; disclose client gifts)

Coercion (pressure that affects independence and objectivity at all levels)

Bragging (we can provide all service you need ×)

omission (note the restrictions when using models; cherry picking×)

plagiarism (required citation)

Fraud

Work-related wrongdoing

You can’t use it yourself, and you can’t give it to others.

Mosaic theory (does not violate this article)

Disclosure of false or misleading information, inflated trading volume

to increase liquidity, trade strategies, tax avoidance--does not violate this article

identify client

soft dollar

Regardless of whether there is a fiduciary duty, it must be observed

Sent to all customers at the first time (purchase corresponding shares according to order size)

Understand customers - write IPS - invest based on IPS

It cannot imply that customers can achieve a certain profit in the past in the future

Disclosure per composite

To include all fund performance

Simulated performance can be included in performance, but must be disclosed

Exception: The customer has illegal activities and can be disclosed

Exceptions to exceptions: When local law stipulates that customer information must be protected, follow the law.

Research: Full disclosure of all conflicts of interest

Stocks with conflicts of interest can be placed on the restricted list

client＞employer＞individual

prior disclosure

using secondary or third-party research

using quantitatively

developing quantitatively

group research

disclose to clients the basic format and general principles

Disclose material changes in advance

Distinguish between fact and opinion

Keep records for at least 7 years

On the job

leaving an employer

Only those related to your job count

Employer written consent is required

Active prevention and detection

If a subordinate violates the rules, he must be punished

can delegate, but cannot be exempted from liability