d2rockstar

Here is their explanation
A) Standard 1(B), according to the Standard, members must maintain independence and objectivity with regard to their professional duties. Members must not accept any gift that may compromise their independence and objectivity. Because Welch has had a long-standing relationship with ORH brokers, the symphony tickets have relatively small value, and because ORH provides superior execution at competitive commission rates, it is unlikely that the symphony tickets will influence Welch’s independence and objectivity. Therefore it is acceptable for Welch to take the tickets without any disclosure. Modest gifts are OK and no disclosure is required.