ohai

N.VanCandidate Wrote:
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> written approval needed for both but if you take
> the comp in first case you are still in violation
> of code because of independent and objectivity not
> due to disclosure of conflict and additional comp.
> arrangement as you would be if you did not get
> approval.

bro, you can definitely accept additional comp from a client....CFAI txt vol 1 page 75 - example 1

but I think you are right that written consent is required for both....

ohai

I'm not disagreeing with that, NVC.

Accepting additional comp on its own does not imply that it's a violation. The OP's scenario is not a violation on its own.

By your logic it's a violation to make a trade. Why? Because the trader potentially used insider info. Or he traded for his account before his client's. Or he only bought a stick for a specific client when it was suitable for all. Context context.