Terry Welch, CFA, is a portfolio manager for Barr investments. Welch began using ORH Brokers as his sole broker five years ago. ORH’s competitive fees and superior trade execution have drawn the attention of Welch’s colleagues, many of whom now only use ORH to place trades. In appreciation for the long-standing relationship, ORH offers Welch tickets to a performance of the local symphony, which he accepts. The tickets have a total value of $90. Welch elects not to report the gift to his employer since it does not meet Barr’s reportable threshold value of $100. Do Welch’s actions with regards to the symphony tickets violate any CFA Institute Standards of Professional Conduct?
A. No violation.
B. Welch is permitted to accept the tickets, however in this instance, written permission is required from the employer.
C. Welch is in violation of the Standards.
What is your answer and WHY?
Thanks |
发表于 2013-3-30 20:34
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