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CFA Level I · CFA Level I Exam · Ethics and Trust in the Investment Profession

According to the CFA Institute's description of its mission, the phrase "for the ultimate benefit of society" is best described as reflecting a desire for:

The phrase reflects a wish for a socially, politically, and financially stable society that fosters individual well-being and public welfare. Well-functioning capital markets that allocate capital efficiently are a key ingredient of that goal, so the mission is not about fees or a single regulator.

  1. Ahigher fees for investment professionals
  2. Ba socially, politically, and financially stable society that fosters individual well-being and public welfareCorrect
  3. Ca single global regulator for all capital markets

Explanation

The text says the phrase underscores the aim of living in a socially, politically, and financially stable society that fosters individual well-being and the welfare of the public. Fees and a single global regulator are not mentioned as part of this aim.

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