ELLICOTT CITY, Md., Nov. 17, 2015 /PRNewswire/ -- The Investment Program Association (IPA) exists to promote the highest professional standards for the Direct Investment industry and its members. As a precursor to membership, each of the IPA's 159 corporate members has agreed to abide by an IPA Code of Conduct, which promotes a culture of fairness, honesty and transparency within the Association – and more broadly, the financial services community. This Code expresses the ethical and professional ideals members are expected to display in their professional activities.
The IPA condemns any and all practices contrary to the Code of Conduct. Fraudulent conduct recently alleged by the Commonwealth of Massachusetts against an IPA member firm, if proven true, runs counter to the values of the IPA and its members and violates the IPA's Code of Conduct.
The IPA and its members are the leading voices of the Direct Investment industry. We believe in honesty, integrity and the protection of every investor. These are the values we share, and they will endure past any singular event by a single company. The members of the IPA stand together in our ongoing efforts to demonstrate the strength and quality of Direct Investment products generally.
About The Investment Program Association
The Investment Program Association (IPA) was formed in 1985 to provide effective national leadership for the direct investment industry. The IPA supports individual investor access to a variety of asset classes not correlated to the traded markets and historically available only to institutional investors. These include public non-listed REITs (NL REITs), business development companies (BDCs), energy and equipment leasing programs, and private equity offerings. For 30 years the IPA has successfully championed the growth and improvement of such products, which have increased in popularity with financial professionals and investors alike. Direct investments are held in the accounts of more than 2 million individual investors, and the IPA's member companies operate or have properties in all 50 states. Today these investment products function as a critical component of effectively diversified investment portfolios and serve an essential capital formation function for the US economy. The mission of the IPA is advocating direct investments through education.
Chief Communications Officer
Investment Program Association
SOURCE Investment Program Association