Course 9 Ethics Flashcards
(7 cards)
Under the professional integrity section of the ARA code of conduct, an ASPPA member must perform professional services with the following.
Honesty, Integrity, reasonableness.
What section is the following statement violating? “can’t you just take over the 2020 plan year and assume everything is okay since you were not responsible for the prior year’s work?”
professional integrity section of the ARA code of conduct
Barry wants to take on 403b testing as well as 401k, but should not give the public the idea that they are experts in that area when they are not. What section is the following statement resembling?
ARA code of conduct - Qualification standard
If you use public Wi-Fi, what section is that violating?
ARA code of conduct Confidentiality
Carol’s friend Dan wants to withdraw all his retirement money because he thinks his wife is going to divorce him and he doesn’t want to get a QDRO issued. If the wife is a fiduciary on the plan, then she needs to be informed of the actions that could negatively impact the plan. What section is this scenario about?
ARA code of conduct Conflicts of Interest
The company is broke though and cannot afford an attorney for the correction program. Can the guy that made the mistake take the blame and move on?
No that is a violation of the professional integrity provision of the ARA code of professional conduct.
Ted signed the reporting as a QKA, but he is behind on the CE credits. What section is that violating?
Titles and Credential provision of the ARA code of conduct.
