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Good point, but suppose front running not a risk. Perhaps you're just consulting on mutual funds.

I know the exam is going to ask some very fine line questions of this nature.



CFA_Chap Wrote:
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> Guys - if you are volunteering on a board for a
> local charity and asked to help manage their fund,
> then you are in conflict because your employer is
> paying you to be a fund manager and your also
> advising someone else on the side. This puts you
> in a conflict because you may advise them on a buy
> before you advise your clients or make the same
> purchase yourself.

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