Standard I(B) Independence and Objectivity vs. Standard IV(B) Additional Compensation Arrangements

CFA Level I Ethics
#1

Hi all,

first, let me please cite the curriculum

Standard I(B) Independence and Objectivity
(…) Members and Candidates must not offer, solicit, or accept (…) compensation, or consideration that reasonably could be expected to compromise their own or another’s independence and objectivity.

Standard IV(B) Additional Compensation Arrangements
Members and Candidates must not accept gifts, benefits, compensation, or consideration that competes with or might reasonably be expected to create a conflict of interest with their employer’s interest unless they obtain written consent from all parties involved.

Could someone please explain the differences?
If I receive additional compensation by a client / 3rd party (especially not my employer), how is it possible to violate I(B) and comply with IV(B)? Or comply with I(B) and violate IV(B)?

Maybe I just don’t get the point here… :frowning:
Hopefully someone would be so kind and help me out.

Cheers

#2

If you’re writing a report on a company and they pay you $50 to recommend “buy” (which you were going to recommend anyway), you’ve violated I(B), but not necessarily IV(B).

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