The Association for Investment Management and Research suggests 10 New Year’s resolutions that the investment community can make to help rebuild the integrity of the financial markets.

AIMR says these resolutions are built on the proven principles of its 40-year-old Code of Ethics and Standards of Professional Conduct and its Chartered Financial Analyst program.

According to AIRM, these actions can help make 2003 a year when investors’ interests come first.

Among the resolutions are:

  1. Tell the truth — the whole truth — by adopting full-disclosure policies.
  2. Disclose more and better information, plainly and prominently.
  3. Reject soundbite investment recommendations. As investment advisors, don’t make “off-the-shelf,” “one-size-fits-all” investment recommendations. Make reasonable inquiry into your client’s financial situation, investment experience and investment objectives before making a recommendation.
  4. Improve the accessibility of research to individual investors.
  5. invest for the long term, don’t bet on the short term.
  6. Place investors’ interests first. The financial scandals of the past year could have been avoided if corporate managements, boards of directors, auditors, analysts and investment firms held to one guiding ethical principle: Investor interests must come first.