BRING back the FOCUS on CMT Exam: This group was unscruplously abused/created by some people MIS-UTILIZING a very famous BRAND NAME that is the CHARTERED MARKET TECHNICIAN to draw a lot of people in and they never did anything to discuss this highly coveted qualification. Instead as many have felt they did this to promote themselves in very unethical manners. I personally feel they were at best hilarious and at worst juvenile. Therefore, everyone is requested to take their general Technical Analysis and Market Discussions to the Group of the Association-of Technical-Market Analysts and keep this group focused on dicussing techniques that are taught in the CMT programme. Do bear in mind anyone who is a Charter-holder, who is a candidate or a prospective candidate must not do anything to compromise the sancitity and security of that programme. As a Charter Holder I will request all others involved with the programme in any way to report any violations of exam security to the MTA if anyone tries to use this group to gain undue advantage or create undue advantage for anyone regarding the exam discussions. Even otherwise if you come across any MTA member violating this code report it to them and likewise if you come across any ATMA member violating the ATMA code of ethics report it to ATMA. To re-focus this group, I shall begin with the Code of Ethics that MTA prescribes to. Ethics is the bare minimum criteria for anyone to be reliable and thus be a professional, ever. I am reproducing the MTA Code of Ethics which must be mastered by every candidate as any professional qualification will lay emphasis on its defined code of ethics. I encourage a healthy discussion on Ethics in the context of this code. Here is the code: Market Technicians Association CODE OF ETHICS Amended December 2004 The Market Technicians Association has established ethical standards of professional conduct which every Member and Affiliate shall maintain. The Ethical Standards set forth in 1 through 9 serve as a guide of professional responsibility and as a benchmark for ethical judgment. 1. Members and Affiliates shall maintain at all times the highest standards of professional competence, integrity and judgment. Said standards should be maintained, and members and affiliates should act with dignity and in an ethical manner when dealing with the public, clients, prospects, employees, fellow Members and Affiliates and business associates. This ethical standard requires strict compliance with the applicable laws and regulations of any government, governmental agency and regulatory organization which has jurisdiction over the professional activities of Members and Affiliates. This same ethical standard requires that Members and Affiliates abide by the Constitution and By-Laws of the Association, and all rules promulgated by its Board of Directors. Members and Affiliates shall not unduly exploit their relationship with the Association for commercial purposes, nor use, or permit others to use, Association mailing lists for other than Association purposes. 2. Members and Affiliates shall not publish or make statements which they know or have reason to believe are inaccurate or misleading. Members and Affiliates shall avoid leading others to believe that their technically-derived views of future security price behavior reflect foreknowledge rather than estimates and projections subject to reexamination and, as events may dictate, to change. 3. Members and Affiliates shall not publish or make statements concerning the technical position of a security, a market or any of its components or aspects unless such statements are reasonable and consistent in light of the available evidence and of the accumulated knowledge in the field of financial technical analysis. New methods of technical analysis and modifications of existing concepts and techniques shall be fully documented as to procedure and rationale. Proprietary methods shall not be infringed, but this standard shall be a guide in the creation of proprietary products. 4. Members and Affiliates shall not publish or make statements which indefensibly disparage and discredit the analytical work of others. 5. Members and Affiliates shall not seek, disseminate or act on the basis of material, non-public (inside) information, if to do so would violate the laws and regulations of any government, governmental agency or regulatory organization relating to the use of inside information. 6. Members and Affiliates shall keep in confidence knowledge concerning the lawful private affairs of both past and present clients, employers, and employer’s clients. 7. When a Member or Affiliate recommends that a security ought to be bought, sold or held, adequate opportunity to act on such a recommendation shall be given to the Member’s or Affiliate’s clients, employer, and the employer’s clients before acting on behalf of either the Member’s or Affiliate’s own account or the accounts of immediate family members. 8. Members and Affiliates shall not copy or deliberately use substantially the same language or analysis contained in reports, studies or writings prepared by any author unless permission to do so is received, in advance, from the author. In the event the original author is deceased, or is otherwise unavailable to grant such permission, Members and Affiliates must ensure that the original author receives prominent and adequate credit for the original work. 9. Members who have earned the CMT designation shall use CMT after their name whenever and wherever appropriate
Posted on: Thu, 27 Mar 2014 14:39:44 +0000
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