The Technical Analysis Society of St. Lucia

Code of Ethics


  1. Members shall at all times maintain the highest standards of professional competence, integrity and judgment.
    This ethical standard requires strict compliance with the applicable laws of St. Lucia.
  2. Members are invited to lecture on technical analysis subjects of their choice and may introduce financial products or services to other Members if used by themselves with positive results, but, at the same time, they may not unduly exploit their relationship with the Society for commercial purposes.
  3. Members shall not publish or make statements which they know or have a reason to believe are inaccurate or misleading.
  4. Members 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.
  5. Members shall not publish or make statements concerning the technical position of a security 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.
  6. Members shall not publish or make statements which indefensibly disparage and discredit the analytical work of others.
  7. Members shall not seek, disseminate or act on the basis of material, nonpublic (inside) information, if to do so could violate the laws and regulations of any government, governmental agency or regulatory organization relating to the use of inside information.
  8. Members shall keep in confidence knowledge concerning the lawful private affairs of both past and present clients, employers and employer's clients, required by legal process of a court of law or other governmental body or agency having appropriate jurisdiction.
  9. When a Member 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 clients, employer, and the employer's client before acting on behalf of either the Member's own accounts or the accounts of immediate family members.
  10. Members shall not copy or deliberately use 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.
    If the original author is deceased, or is otherwise unavailable to grant such permission, Members must ensure that the original author receives prominent and adequate credit for the original work.


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