Ethics are a Moral Code
When it comes to the Investment profession nothing is more important than ethical conduct. Studies show trust and ethics are even more important than returns when choosing an investment manager. According to a survey by the CFA Institute, an overwhelming majority or 80% of Canadians and 69% of respondents worldwide rate ethics as the most important attribute of an investment firm source. Investment returns vary, however only a fool trusts someone with wavering ethics.
Do you think ethics are the most important thing to consider when posting on Steem Leo?
If you are an investment professional who doesn't want to risk your livelihood, I already know your answer to this question. In fact, it's hardly debatable unless you believe in the freedom of being unethical or if you are unethical. There are anarchists on Steem who believe in freedom more than anything; does believing in freedom mean that you don't believe in ethical standards? We don't need government, religion or any centralized authority to have morals.
I challenge @steem.leo to adopt a standard of ethics governing discussion on this investment forum
Accounts with a large amount SP or LEO have authority on this site- a trending post or a powerful upvote does not, however, make you ethical. @khaleelkazi may not want to set a code of ethics used to judge posters on this website, after all, bloggers can punish others with downvotes. There is an economic cost to using more than one downvote and many LEO holders would rather make friends than enemies and downvoting someone for being unethical could start a costly downvote war. The people in charge of #SteemLeo may want to listen to my call, however because according to a survey done by Linked-In in 2018:
70% of professionals in the U.S. today would not work at a leading company if it meant they had to tolerate a bad workplace culture. So much so, that people would rather put up with lower pay (65%) and forego a fancy title (26%) than deal with a bad workplace environment. source
This is a forum and not a workplace but we put work into our posts and spend time reading and engaging with other posters. I don't know how many of you care about ethics, integrity, and morals but it's hope it's an overwhelming majority.
- Consider starting your research with the most strict standards -here's a stringent one: CFA code of Ethics and Standards of Professional Conduct, it can be adapted to @steem.leo's standards.
- Think about enforcement just don't wait too long, investment posts which lack integrity are already happening. Bans, downvotes, warnings, moderation, etc.
- Listen to the Facts -social science surveys are debatable, look within.
I may not have your trust but I have my ethics
~ #financialadvice July 2019
Don't confuse investment ethics with ethical investing, we will save that discussion for another day. Thank you for reading, please leave your answer.
Do you think Ethics Matter on Steem Leo?