ethics question from cfa Text house, his, generated, disclosed, question

mouse123

Edward jones generated a lot of business for this brokerage house, in appreciation the brokerage house gave jones lavish gifts and jones didnt disclose gifts to his firm.
he is in violation.
if jones had disclosed gift to his employer, would he still be in violation?

SkipE99

^ Correct.

MiniMe7

i thought in general, accepting gifts from a place like a brokerage house is a no-no - can ruin your independence and objectivity?