Lavish Gifts

CFA Level I
#1

I’m trying to understand this…

For lavish gifts, an analyst wants to avoid conflict of interferes and maintain true objectivity when working with a company. Does this standard change, when say, you’re comparing an investment banking relationship to an equity research relationship?

I had a question on a mock exam today where apparently accepting a private jet trip to a ranch to go hunting with a large company’s CEO was appropriate when you’re an investment banker working on an equity offering.

What’s the correct way to think about this?

#2

Was this question in the CFAI mock?

#3

nope Schweser

#4

Pheww. Thank God. I wouldnt worry about it. I’m hopeful that CFAI wont trick us with such a situation.