Ethics for Financial Professional

Running Head: Ethics for Financial Professional
Ethics for Financial Professional
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Ethics for Financial professional
Table of Contents
Introduction......................................................................................................................................4
Question 1........................................................................................................................................4
Question 2........................................................................................................................................5
Question 3........................................................................................................................................6
Question 4........................................................................................................................................7
Question 5........................................................................................................................................7
Conclusion.......................................................................................................................................9
References......................................................................................................................................10

Ethics for Financial professional
Introduction
The code of ethics helps financial professionals to maintain the ethical conduct with the
norms and regulations of the company. In recent era many of the investors, employers are
deceived by financial professionals. Being a financial adviser, they should guide people by using
the financial standards. All the professionals dealing with finance, tax, investment relations and
accounting in a firm need to follow the Ethics of Finance (Herzog, 2019). The ethics code for
Financial Professionals also applicable to the CEO (Chief Executive Officer), CAO (Chief
Accounting Officer) and CFO (Chief Financial Officer) of a company. Being a finance
professional of a company one should honestly carry their responsibility with integrity and
diligence. In this study, the ethical issues related to this case study would be discussed. The
ethical behavior is a major requirement of every company and must be checked and controlled.
The case has highlighted the behavior of the company and ethical practices and considerations
undertaken by Nimish for the organization.
Question 1
The financial ethics of a company defines as taking fair financial decision about any
financial situation. These ethics guide the financial professionals to choose the right decision.
Financial ethics is about maintaining the trust between the financial industry and the clients
(Pandey, 2017). The main ethical issue of this case is the irregular coordination between the
council and the execution teams. Revenue team is one of them that are dealing with council rates.
The rate is more than 80% of revenue of the council. The community was resisting increasing the
council rates. The councilors of the community were avoiding the demands of the council
employees. Before doing the right thing for a client a financial planner have to face puzzles.

Ethics for Financial professional
The financial professionals always face common dilemmas when they are dealing with
client’s financial state. Nimish works as a graduate recruiter for the council of Geelong. Being a
council member he was involved with many teams such as commercial development team,
revenue team, planning department, environmental and social services team. All the teams have
their own norms that they follow while working. Due to unethical use of laws all, the teams are
facing problems. Due to the closure of many manufacturing plant in Geelong, most of the
employees had lost their jobs that peaks a stage of unemployment. This unemployment stage is
the main reason behind the domestic violence and school absenteeism in the area. The social
services team made a community hub to remove the problems by building old manufacturing
site. This helps the local people to get the employment and increases the productive
opportunities.
Question 2
Ethical boundaries help the employees to work in a comfortable working environment
that provides best productivity. It enables the team members to judge between the right and
wrong and helps them to take right decision. Similarly, when it comes to financial professionals,
they always work within their ethical boundaries. The financial crisis pushed the professionals to
stop the unethical practices and stick to their bound ethics (Voss, 2017). There are many reasons
behind the financial ethical violation. The case portraits the ethical boundaries of a financial
executive that they need to follow while dealing with financial matters.
There are certain principles that are applicable to the case. Those are as follows-