Putting Investors First Month Concludes this Week with Opening of London Stock Exchange Today

  Putting Investors First Month Concludes this Week with Opening of London
  Stock Exchange Today

CFA Institute Members Wrap up Month-Long Global Initiative to Raise Awareness
                             for Investor Rights

Business Wire

NEW YORK -- May 28, 2014

CFA Institute, the global association of investment professionals that sets
the standard for professional excellence, this morning opened the London Stock
Exchange, the sixth and final stock exchange event to recognize Putting
Investors First Month. The series of events, which spanned the month of May,
united financial professionals throughout the world in a commitment to place
investor interests above all others. Putting Investors First Month activities
took place in more than 60 cities throughout the world, with participation
from many of the 122,000 CFA Institute members. Putting Investors First Month
is part of the organization’s Future of Finance initiative, a global effort to
shape a trustworthy, forward-thinking financial industry that better serves
society.

CFA Institute opens the market at the London Stock Exchange (Photo: Business
Wire)

CFA Institute opens the market at the London Stock Exchange (Photo: Business
Wire)

“The goal of Putting Investors First Month is to build awareness of the
fiduciary duty to protect investor interests and ensure that every investment
professional understands that their role is, first and foremost, to serve and
protect investors,” said John Rogers, CFA, president and CEO of CFA Institute.
“This initiative is an important step, but there is much work to be done to
reshape the finance industry to return to its core purpose of serving
investors and the greater good of society.”

Putting Investors First Month takes place in more than 60 cities worldwide

Throughout the month of May, CFA Institute members participated in the opening
and closing of stock exchanges in six markets around the world: Bucharest
Stock Exchange, Johannesburg Stock Exchange, London Stock Exchange, New York
Stock Exchange, Nigerian Stock Exchange, and Toronto Stock Exchange. In the
United States, government officials declared Putting Investors First Month in
Colorado, Florida, Georgia, Hawaii, Michigan, Minnesota, Missouri and
Washington.

A sampling of other major Putting Investors First Month events throughout the
world include:

  *In Australia and New Zealand, CFA Societies in Sydney, Melbourne, Perth
    and Auckland held a series of seminars where Michael Woodford, former
    president and CEO of the Olympus Corporation, spoke about the importance
    of corporate governance and ethical principles to CFA members and the
    investment community.
  *In Cyprus, members began the effort in March with a high-profile market
    forecasting event, and continues to promote its Future of Finance
    initiative.
  *In the Czech Republic, a discussion panel brought together the Central
    Bank, the Prague Stock Exchange, the Association for Capital Markets and
    two local asset management firms on the topic of retail investor
    protection.
  *In Florida, CFA Societies Jacksonville, Orlando and Tampa Bay each hosted
    ‘The Future of Finance: Fiduciary Capitalism’, events which raised
    awareness to reinvent a sustainable and forward-looking future for the
    financial services industry.
  *In Greece, the Chairman of the Capital Markets Board spoke at an investor
    protection event. The Chairman of TSPAKB (brokerage association) and the
    Chairman of TKYD (asset management association) moderated panels on
    investor protection practices in respective industries.
  *In India, the Indian Association of Investment Professionals and the
    Indian Merchants' Chamber’s Capital Market Committee hosted a seminar that
    covered how investors can get better investment advice, and to emphasize
    investor interests with financial professionals.
  *In The Netherlands, society members and the Amsterdam Institute of Finance
    held a symposium to discuss solutions to issues of industry effectiveness
    and adaptability in an effort to move toward a sustainable financial
    ecosystem.
  *In Pakistan, members partnered with a local university and reached out to
    regulators and others in the financial industry to participate in webcasts
    and attend Putting Investors First workshops in Lahore, Islamabad, and
    Karachi.
  *In the Philippines, members organized a retail investment conference and a
    financial fitness run to enhance awareness of investor rights within the
    financial community. More than 4,000 runners ran the course. Ten different
    investor rights were highlighted at each kilometer marker.
  *In Romania, an event was organized with the Bucharest Stock Exchange
    including opening of the trading session and a panel discussion on
    investor’s rights and ethics culture.
  *In Turkey, leaders from the CFA Society of Istanbul contributed to the
    strategy and action plan for the Istanbul International Financial Center
    to improve local financial markets and help establish Istanbul as an
    international financial center.
  *In the United Arab Emirates, members launched an online competition
    inviting professionals to submit a story on how they have made a
    difference with investors.
  *In Vancouver, society members held a half day wealth management conference
    with keynote speaker Terrance Odean from UC Berkeley.

“CFA societies and members around the world have made a significant effort
this month to inspire the industry to ensure that investors’ rights to
information, fair and honest advice and accurate assessment of risk and reward
is at the core of client service,” said Rogers. “But the effort doesn’t end
this week. This event is part of a larger culture shift in finance to commit
to putting investors first and shaping a more trustworthy financial industry
that better serves investors.”

For more information about Putting Investors First Month, the Future of
Finance initiative and the Statement of Investor Rights, a declaration of the
conduct investors are entitled to expect from financial service providers,
visit www.CFAInstitute.org/FutureFinance.

About CFA Institute

CFA Institute is the global association of investment professionals that sets
the standard for professional excellence and credentials. The organization is
a champion for ethical behavior in investment markets and a respected source
of knowledge in the global financial community. The end goal: to create an
environment where investors’ interests come first, markets function at their
best, and economies grow. CFA Institute has more than 120,000 members in 140
countries and territories, including 113,000 charterholders, and 143 member
societies. For more information, visit www.cfainstitute.org.

About Putting Investors First Month: May 2014

Putting Investors First Month is a global initiative created to encourage
financial professionals to place the interests of investors above their own,
and build awareness of the fiduciary duty to protect investor interests. The
event is presented by CFA Institute, the global association of investment
professionals that sets the standard for professional excellence and
credentials. Putting Investors First Month features a series of events and
outreach throughout the month of May, hosted by hundreds of CFA Institute
members and many of the organization’s 143 member societies worldwide. Putting
Investors First Month is part of the Future of Finance project, a long-term
global effort to shape a trustworthy, forward-thinking financial industry that
better serves society. For more information about Putting Investors First
Month and a list of community events, visit
www.cfainstitute.org/FutureFinance.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20140528005816/en/

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Contact:

CFA Institute
J.D. McCartney, 212-418-6889
jd.mccartney@cfainstitute.org
 
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