CFA Society Cayman to hold 'investors first' seminar

The CFA Society Cayman Islands will join other chartered financial analyst societies from around the world to recognize May as “Putting Investors First Month,” a global initiative that seeks to build awareness and unite investment professionals in a commitment to place investor interests above all others.

CFA Society Cayman Islands will host a free presentation at 5 p.m. May 20 at the Grand Cayman Marriott Beach Resort with Carl Richards, CFA, to mark its participation in the global initiative.

Throughout May, many of the 144 CFA societies worldwide will host local events, and call attention to the needs and rights of investors by endorsing the Statement of Investor Rights, a list of 10 rights that any investor should expect from financial service providers.

“Today our members join a host of investment professionals around the world to stand together for what is right, and in investors’ best interests,” said Neville Hicks of the CFA Society Cayman. “It is our aim to raise awareness of the paramount responsibility of all financial professionals to protect the interests of investors above all else.”

The CFA Society encourages investors to read and endorse the statement of rights, which applies to financial products and services such as investment management, research and advice, personal banking, and insurance and real estate.

It includes rights that investors are entitled to expect, such as objective advice, disclosure of conflicts of interest, and fair and reasonable fees. The statement is intended to help investors demand that financial professionals abide by these rights.

“We want to encourage investors and investment professionals to share and endorse the Statement of Investor Rights so we can ensure a global commitment to ethical principles and strengthen a culture of ethical behavior,” Mr. Hicks said. “We hope to inspire the financial industry by participating in Putting Investors First Month, be it through our May 20 event or endorsing the Statement of Investor Rights.”