sabaruch

So what would you put for the following:
Lindquist manages the portfolio of Martha Olson. Last year, Lindquist beat the benchmark portfolio for Olson by 180 basis points. In return for that performance, Olson gives Lindquist two third-row tickets to the NCAA basketball championship. Lindquist discloses this gift to his supervisor.
Regarding the NCAA tickets, what action must Lindquist take to avoid a violation of Standard IV(B): Additional Compensation Arrangements?
A) Obtain written consent from all parties involved.
B) Disclose his receipt of the tickets to all other clients with the same investment objective as the Olson account.
C) None. Lindquist’s actions do not violate Standard IV(B).
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Your answer: C was incorrect. The correct answer was A) Obtain written consent from all parties involved.
Lindquist may accept this gift from a client as long as he obtains written consent from all parties involved. In this case, the only relevant party is his employer. (Study Session 1, LOS 2.a)