Investment Analysis - Record Keeping Ethics

Hard Cfa Institute Code And Standards Investment Analysis - Records

As a charterholder working as an investment analyst for a large investment firm, you are tasked with reviewing and organizing the firm's investment records. You discover that some of the historical investment analysis notes are incomplete and poorly documented, raising concerns about compliance with the CFA Institute's standards regarding recordkeeping.

According to the CFA Institute Code of Ethics and Standards of Professional Conduct, specifically relating to 'Investment Analysis - Records,' which of the following statements best reflects the ethical obligation of a member or candidate in this situation?

It is acceptable to rely solely on verbal recounting of analysis for investment decisions as long as colleagues are consulted.

All investment analysis records should be properly maintained and include adequate documentation to support investment decisions.

Investment analysts may summarize their notes as long as the summary captures key ideas, regardless of the completeness of original records.

Hint

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