“A money manager receives a gift of significant value from a client as a reward for good performance over the prior period and informs her employer of the gift.”
and then there is comment:
“No violation here because the gift is from a client and is not based on performance going forward, but the gift must be disclosed to her employer. If the gift were contingent on future performance, the money manager would have to obtain permission from her employer.”
I dont understand man, in some parts it’s strictly written that significant gifts must not be received, and now this…
This! Client, especially when not tied to future performance is uncomplicated. 3rd party can be dangerous to independence and objectivity, for instance broker