Hi seniors, Hope anyone of you may enlighten us on this question, posted on L2 board: http://www.analystforum.com/phorums/read.php?12,1159383 Is anyone able to shed some light on Std IVA Loyalty question, which goes like this: A member is a full time employee of an investment mgmt firm and wants to accept a paid position as town mayor w/o asking his employer’s permission Answer: since the member serving as mayor does not conflict with his employer’s biz interests,as long as the time commitment does not preclude performing his expected job functions well, there is NO violation So essentially, if the moonlighting is not in competition with current employer, it is allright not to seek permission?