标题: Ethics - what requires WRITTEN permisson? [打印本页] 作者: nixie24 时间: 2011-7-13 16:38 标题: Ethics - what requires WRITTEN permisson?
Hey guys,
With all these conflict of interest questions that all are pretty similar, I just wanted to make we're all on the same page regarding what conflicts require written permission vs. just disclosure (no permission required).
The way I understand it (which is shaky at best):
Written Required:
- Gifts from clients for hitting future benchmarks (additional comp arrangements)
- Referral Fees?
- Independent practice
Disclosure:
- Stock ownership in analyzed company
- Board positions
What's missing?
Edited 1 time(s). Last edit at Thursday, June 2, 2011 at 02:19PM by thisisbrianly.作者: pacmandefense 时间: 2011-7-13 16:38
Awesome idea for a thread. I am sorry I can't contribute, but this will definitely be handy.
THANKS作者: invic 时间: 2011-7-13 16:38
I don't think written permission is required for "Referral fees" and "Independent practice". Written permission is only required when gifts are promised to hit the future benchmarks, not even in case of past benchmarks. In case of Independent practice, analyst just need to agree on terms and conditions. Terms and conditions may require an analyst to get written permission before he accepts any assignments from any other firm or competing firm.
Disclosure is required in every other situation unless it's a very small token amount and firm clearly specifies that no disclosure is required for token amount under certain limit.作者: MythosHF 时间: 2011-7-13 16:38
I believe gifts of any kind from a client need to be disclosed, right? And referral fees belong under disclosure.作者: dmar 时间: 2011-7-13 16:38
Schweser volume 1 AM question #6 - Answer was that portfolio mgr excepted gift (use of condo) and even though she received approval she violated standard because she did not get approval from empoloyer in writing.
I got this wrong b/c I thought just needed verbal consent.作者: siavosh 时间: 2011-7-13 16:38
I don't have this question, but what was the gift for?
andyrocks Wrote:
-------------------------------------------------------
> Schweser volume 1 AM question #6 - Answer was that
> portfolio mgr excepted gift (use of condo) and
> even though she received approval she violated
> standard because she did not get approval from
> empoloyer in writing.
>
> I got this wrong b/c I thought just needed verbal
> consent.作者: JPSem 时间: 2011-7-13 16:38
Performance of portfilio at least 2% over S&P over next 12 months作者: FVPV 时间: 2011-7-13 16:39
additional compensation arrangements, disclosure of conflicts all in writing作者: rgonzalez 时间: 2011-7-13 16:39
I think there is very fine line between Additional compensation arrangement, disclosure of conflicts and referral fee. Can anyone list down the instances of these arrangements?作者: hariRaj 时间: 2011-7-13 16:39
"additional compensation arrangements"
Requires written permission, only if likely to be in conflict with current position (e.g., rendering related competitive services, especially in business hours"). See CFAI PM Mock q.13作者: thisisbrianly 时间: 2011-7-13 16:39
If something could have an impact and compromise a future decision is needs written permission. If something relates soley to past performance it simply should be disclosed. That's the tip the Kaplan professor gave my class. And for the most part under this logic the lion's share of things require written permission.
