The code of ethics -- Statement of the standards of professional conduct -- Standard I: Fundamental responsibilities -- Standard II: Relationships with and responsibilities to the profession II (A) Use of professional designation ; II (B) Professional misconduct ; II (C) Prohibition against plagiarism -- Standard III: Relationships with and responsibilities to the employer: III (A) Obligation to inform employer of code and standards ; III (B) Duty to employer ; III (C) Disclosure of conflicts to employer ; III (D) Disclosure of additional compensation arrangements ; III (E) Responsibilities of supervisors -- Standard IV: Relationships with and responsibilities to clients and prospects : A Investment process: IV (A.1) Reasonable basis and representations ; IV (A.2) Research reports ; IV (A.3) Independence and objectivity ; B Interactions with clients and prospects: IV (B.1) Fiduciary duties ; IV (B.2) Portfolio investment recommendations and actions ; IV (B.3) Fair dealing ; IV (B.4) Priority of transactions ; IV (B.5) Preservation of confidentiality ; IV (B.6) Prohibition against misrepresentation ; IV (B.7) Disclosure of conflicts to clients and prospects ; IV (B.8) Disclosure of referral fees -- Standard V: Relationships with and responsibilities to the investing public: V (A) Prohibition against use of material nonpublic information ; V (B) Performance presentation -- Topical studies: Corporate governance ; Ethical practices involving client brokerage-AIMR soft dollar standards ; Fiduciary duty ; Insider trading ; Personal investing -- AIMR Standards of practice exam (with answers and analysis) -- Appendix: rules of procedure for proceedings related to professional conduct.