ethics independence

luckygiftvn

is there a defined dollar amount that constitutes a large gift that requires disclosure?
doesnt seem to be mention in CFAI.

for me there are levels of disclosure.


I Gift of tickets from client = no disclosure required

II Gift of hotel stay from client = disclosure required

III Gift from non client = always requires disclosure

IV Significant gift from non client = disclosure and permission?

V Gift dependent on returns shown = disclosure and permission from supervisor.

Can someone please verify this? or provide further info?

Sportsman

none of that looks right

xilige

there is no longer a dollar threashold, there used to be one though

bbtomato

> I Gift of tickets from client = no disclosure
> required

Depends whether it will affect objectivity. Whether ticket is lavish. (Ticket for a bus trip might not require disclosure, but if its a not-for-sale bus ticket to the only bus ride within a 100 mile radius in the desert and the condition for this bus ride requires an assurance of a favorable report.. then... hmmm actually.. I'm not sure if you can accept it without violating CFA rules...but then, since it is the onllyyy means of transportation to survive... anyway.. ha)

> II Gift of hotel stay from client = disclosure
> required
Depends again on whether it'll possibly affect objectivity. And if it is the only hotel within the area. And if it is, pay for the hotel expense yourself.


> III Gift from non client = always requires
> disclosure
Depends. As gifts from non-client is always more of a no-no than from an existing client.


> IV Significant gift from non client = disclosure
> and permission?
If it can affect your objectivity, can't accept even with permission/disclosure

> V Gift dependent on returns shown = disclosure and
> permission from supervisor.
Can't accept b/c that may result in unfair treatment to other clients etc. etc.

>
> Can someone please verify this? or provide further
> info?