Prudent disclosure

My dear friends, “The Code and Standards do not require that members report legal violations to the appropriate governmental or regulatory organizations, but such disclosure may be prudent in some cases”

What do they mean by prudent and what cases are they talking about when it may be prudent.

Thanx in advance

If someone’s defrauding their clients, it’s a good idea to report them to law enforcement agencies.

That sort of thing.


My pleasure.