what is the difference between making a report for general distribution than for a specific portfolio or client? especially when making a comment about the high risk company in a high risk industry and rate that firm as “low risk”. it has been considered a violation of the code. thanks.
i would assume that it would be a violation of investment recommendations/actions it’s the total portfolio approach meaning that the security may be risky on its own but not when put into the portfolio perspective. so for general distribution it doesn’t apply but it will apply for a specific client. that’s my take.