Alexander Flatscher, CFA, is a former director of professional standards at CFA Institute. He was responsible for promoting the ethical standards, policies, and positions of CFA Institute in the Asia-Pacific region.
The view that a corporate culture promoting ethical behavior represents a competitive advantage for asset managers is gaining momentum in Asia.
The Financial Services Authority in Japan is currently investigating a variety of financial institutions, and its interest appears to be client entertainment practices at financial firms.
A plan sponsor and investment managers discuss the benefits of the CFA Institute Asset Manager Code of Professional Conduct.
MassPRIM CIO touts benefits of CFA Institute Asset Manager Code of Professional Conduct to investment managers and regulators in the Asia-Pacific region.
Retail investors may have been victims of another Madoff-style scam—this time with a Las Vegas-based company MRI International. There are signs that suggest the Japanese subsidiary of MRI International had sold around US $1.3 billion worth of investment products that were meant to provide income on U.S. medical fee receivables to Japanese retail investors.
What do magicians and the black sheep among investment advisers have in common? Well, for the purpose of this blog, a lot. Both magicians and notorious investment advisers make their money by selling illusions.
Mis-selling was highlighted as one of the most serious ethical issues in the recent CFA Institute Global Market Sentiment Survey. When asked to select among six options, 25% of Asia-Pacific respondents chose mis-selling as the number one ethical issue facing their local markets in the coming year.
Fraudulent financial reporting is such a major concern in Asia that U.S. regulators are now getting involved — a reminder to investors of the potential perils posed by companies that are listed in foreign countries, whether through a reverse merger or IPO.
Given our intense interest in high professional standards of conduct in the investment profession, we still find it disappointing when we come across the never-ending stream of news about market participants who do not behave according to the rules.