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Question of the Week - Ethical and Professional Standards

AdaptPrepAdaptPrep Des Moines, IA, USAPosts: 211 Sr Associate
edited March 2015 in Level 1 Questions
Which of the following issues most strongly illustrates one of the needs for the Global Investment Performance Standards?

Question of the Week - Ethical and Professional Standards 58 votes

Insider trading
13%
smdekhanenizarmlegrellierapoorvaryleibelabybabysophiamullerPahtsan 8 votes
Survivorship bias
68%
ZeeartyeaselJaminioSilvaLeChiffredavidphammer32AndrewKokAdaptPrepdesantolrsparksnvtradernmaczStuj79RandallK27Nedogoogs1484ThomasWsaltman95thendry7kaichan91rdx 40 votes
Fraud
17%
nitinkrishTaAnasJamesvzeswilliams12mvibsbvanove12Kbro4572Drez07Richie321 10 votes

Comments

  • AdaptPrepAdaptPrep Des Moines, IA, USAPosts: 211 Sr Associate
    Survivorship bias

    The Global Investment Performance Standards (GIPS) are a consistent baseline that companies can follow to give credibility to their performance results. They came about because companies were taking advantage of all sorts of potential biases to skew performance results in their favor.

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