Act honestly
Honesty strengthens trust and keeps markets reliable. Honesty is crucial to keeping markets transparent and functioning well. Abuses, such as market manipulation or insider trading, undermine public trust. It is your responsibility to always act ethically and contribute to a trustworthy financial sector.
DSI core principles in practice
What can you learn from this DSI-2009-03 ruling by the DSI Disciplinary Committee?
A DSI-certified commercial director of an investment firm regularly appeared as a guest on a television program sponsored by his employer. In these broadcasts, he made specific investment recommendations on specific stocks, often of companies with small market capitalizations and limited transaction volume.
Investigations revealed that the certified and other employees were aware of the content of these recommendations prior to the broadcast. They executed transactions for clients as well as for themselves in the stocks in question even before the recommendations were made public.
The Disciplinary Committee ruled that this conduct violated the DSI Code of Conduct. The certified knowingly participated in transactions that undermined the principle of fair market conduct. He was suspended for three years and the ruling, including his name, was made public. The Appeals Committee upheld this decision.
Act honestly and avoid giving you or others an unfair advantage in the marketplace.
What does this mean to you?
Acting honestly means carefully handling information that can affect the market. Be aware of your position and the impact of your actions. Be transparent about possible interests and keep a clear separation between public statements and personal or business transactions. By acting honestly, you contribute to trust in the financial sector and a level playing field for all.
DSI Core Principles
At DSI, ten core principles are central to the essence of our Code of Conduct. They offer financial professionals guidance on how to act with integrity on a daily basis and strengthen trust in the sector. Every DSI certified professional commits to these principles so that together we contribute to a transparent and honest financial sector.
