Now taking ethics questions ethics, taking

smartpants

Bring them on….

Walex

Trading blackout dates: required or recommended?

soverby

30 days before and 5 days after is only a specific recommendation related to the requirement of no front running.
the requirement is not to front run clients or get pre IPO stocks of a subject company or industry

Swanand

I serve on the board McRonald’s and get free meals. Is disclosure and/or written permission required?

profil

disclosure at the very least.
if McRonald is just a burger chain, disclosure is enough
if McRonald is in competing business e.g. investment manager focusing on the fast food industry then written permission required and the free quarter pounders can be construed as additional compensation

DarienHacker

I am downgrading Company A. I send an e-mail to all my clients notifying them of the downgrade and call my largest clients afterward in order to discuss the downgrade in more detail. What standard, if any, am I violating?

RepoToronto

No violation. at least on the surface.
if the follow up call is an additional service you provide for an extra fee and is available to all willing clients no violation took place.

tango_gs

Good job mate, you’re spot on when it comes to Ethics.

ayaz_mahmud369

A client has a stock that’s at a huge gain. It does not yet violate the terms of his IPS and you have discretion over your account. Your firm has a buy rating on the stock. Are you allowed to take gains on the position either partially or entirely? Would the answer change if it put him out of compliance with his target asset allocation?

ninja1024

I work as a portfolio manager and have been recently asked to sit on the board of a company unrelated to investment management. I receive no compensation, but must spend a considerable amount of time reviewing financials and corporate governance procedures. Since I receive no compensation, no disclosure is necessary. What standard, if any, am I violating?