ramzes

My understanding is that no, its not a conflict IF they are used to help the client. Eg: I channel US equity trades through a broker who provides me with stellar research on north american companies.
However, if I channel my equity-only client's trades through a broker because they give me phenomenal fixed income research, I'm acting in my best interests, not in those of the clients; this is a violation. This is obviously just one example.

Correct me if i'm wrong.