Standards & Legal

The IMCA Code of Professional Responsibility was adopted in 1985 to promote and maintain the high standards of personal and professional conduct. All members of IMCA are subject to the Code of Professional Responsibility. In addition, IMCA Standards of Practice are intended to provide practical guidance to investment management consultants in the course of conducting their practices and providing services to clients.

IMCA has adopted Disciplinary Rules and Procedures, which outline the process, rules and procedures through which CIMA, CIMC, and CPWA certificants are held to IMCA’s standards and provide enforcement measures.

All CIMA, CIMC, and CPWA certificants must agree to continued adherence to IMCA’s Marks Usage Guide, which provides guidance on properly using the IMCA marks in business communications, marketing materials, articles, books and newsletters, as well as an antitrust statement.

Disclosure Requirements

Certification candidates must disclose, among other things, any complaints and regulatory actions taken against them as part of the certification application process. Once an individual has earned a certification, certificants must complete a compliance disclosure as part of the recertification process.

Reporting a Complaint

IMCA encourages its members to maintain high ethical standards. IMCA’s disciplinary procedures provide for a thorough review and a decision as to whether there has been a violation of IMCA’s Code of Professional Responsibility or non-compliance with the Standards of Practice (for CIMA/CIMC designees only). If you feel the Code has been violated or that a CIMA/CIMC certificant has not complied with the Standards of Practice, please consider reporting a complaint. Click here for more information.

Public Disciplinary Actions

IMCA’s Professional Review Board can take four types of disciplinary action, including suspension of an individual’s certification. IMCA’s website lists individuals who are not currently certified because of a public disciplinary action. Click here for more information.