- records are kept only in electronic form not in hard copy, is it a violation? 2. A portfolio manager is sitting on the board of ABC, a stock he is trading for his clients. which of the following is correct? A. He may not accept being a board member because of the conflict of interests. B. He can accept it as long as he disclose to all parties involved. C. don’t remember, but it is easy to exclude. I picked A but the correct answer is B. But i think “disclose” is not enough, he must have the written consent?
- I hope not 2. I would agree with B.
- No 2. B, because this is not additonal compensation wherein a written consesnt is required. This is conflict of interest under which only disclosure to all parties is required. no need for it to be written.
^^ agree with heer …
Yep agree with heer also.
That is tough because additional comp doesn’t have to be financial compensation. A would still not be correct though because even if it is just a conflict he can do it if disclosed (i think).