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The Members of the Registered Deposit Brokers Association are independent retailers of financial products and services providing unbiased analysis, advice and recommendations to individuals and business clients. There is an obligation to maintain a high standard of technical competence, objectivity and integrity. The following Code of Professional Ethics serves as a guiding document for members of the Registered Deposit Brokers Association.
Conduct Deposit Brokers shall act in the best interest of their clients and shall place the interest of their clients above their own. Deposit Brokers shall conduct themselves with integrity and dignity and act in an ethical manner in their dealings with the public, employers, employees and fellow Deposit Brokers. Deposit Brokers shall conduct themselves and shall encourage others to practice deposit brokering in a professional and ethical manner that will reflect credit on themselves and their profession. Deposit Brokers shall act with competence and shall strive to maintain and improve their competence and that of others in the profession. Deposit Brokers shall use proper care and exercise independent professional judgement. Click here for a PDF document detailing our bylaws.
Compliance Deposit Brokers shall comply with all governing Laws and Regulations including the Broker Code & Standard. They shall maintain knowledge of, and shall comply with, all applicable laws, rules and regulations of any government, government agency and regulatory organization governing their professional, financial or business activities as well as with these Standards of Professional Conduct and the Code of Ethics.
Advertising Title Deposit Brokers shall advertise rates and/or products that are available at time of placing the advertisement, making every effort to ensure that information is current to deadlines. All rates are to be clearly stated and quoted on a per annum basis,
Confidentiality Deposit Brokers shall not discuss the client's business or personal affairs outside of the office without the express permission of the client. All documentation must be treated in a confidential manner with necessary security to protect clients' records to the same degree as the Brokers' own.
Know the Client Deposit Brokers should make every effort to determine the financial status of their client. From that point, after making qualified recommendations, they shall be guided by the client's wishes, ensuring that quality and safety of funds are heeded.
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