Maddin

Without having studied ethics in depth yet, I think it's probably that the 2nd question specifically states that accepting gifts is banned by that particular firm...There are certain situations where CFA guidelines let you accept gifts (as long as they are declared to your employer), but if your company prohibits this then their policy would override the CFA guidelines (because the policy is stricter - CFA sets minimum standards for charterholders, employers may be even tougher.) hope that makes sense.