Prior to publication, if an analyst sends the complete report(not just facts) to the IB team, he would be violating the recommended procedures, but not the required procedure. So is the analyst in violation?
the procedure would be the analyst send the facts only to the IB team for validation. so by sending the report he has done a violation. also IB teams should not be in communication with analysts and should go through a compliance officer to prevent them from making changes to the reports that could impair objectivity.
But isn’t it only recommended in the ethics text and not required? Because if thats the case even the recommended procedures need to be followed in order ensure your in complaince right?