2 ethics points of confusion

watch/rumor/restricted lists: whats the diff? i know that restricted list is when you stop giving advice on a firm b/c of conflict of interest and only give factual info. what about the other 2? independent contracter vs. employee: whats the diff as far as how the standards are applied?

Dude, you are splitting hairs now. “Same” for both of your questions unless questions specifically differentiate, which I doubt they will.