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7 Signs You Don’t Have a Code of Ethics

don3ethos   •   Blog, carousel-post, Leadership   •   April 06, 2015

If you’re an RIA or IAR, you are required by the SEC (federal and most states) to have a code of ethics. If you are using the sample language provided by the SEC, then you don’t have a code of ethics — you have a code of conduct.

A code of ethics is principles-based; a code of conduct is rules-based. Want to know an easy way to remember the difference? Congress has a code of conduct, not a code of ethics. A code of conduct, which is rules-based, is easier to work around than a code of ethics.

So, what are the seven signs that you don’t have a code of ethics?

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