What is the primary purpose of the CFA Institute Code of Ethics?

The primary purpose of the CFA Institute Code of Ethics is to promote the integrity and professionalism of the investment profession. This code sets forth ethical principles that guide financial professionals in their conduct, ensuring that they act with honesty, fairness, and integrity in their interactions with clients, employers, and the broader community.

By adhering to these principles, investment professionals enhance the overall trustworthiness and credibility of the industry. This foundational ethical framework not only protects the interests of clients but also helps to maintain the reputation of the profession as a whole. Upholding high ethical standards is essential for fostering public confidence in financial markets and ensuring that investment decisions are made with a commitment to ethics and professionalism.

Other options imply a focus on compliance, profit maximization, or networking, which are not the primary missions of the Code. While adherence to regulations or networking might be aspects of being an investment professional, they do not encapsulate the overarching goal of promoting ethical practice within the industry.