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 Client Gift(s) Disclosure 
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Joined: 27 Feb 2013
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1) Must disclose gifts from a client to employer
2) You only need permission from employer if the gifts are for FUTURE performance. Gifts for past performance don’t need permission to accept (but you still must notify your employer).
3) Only written permission is an acceptable form of permission (not verbal, etc.)
4) Email is acceptable as written.
These are all correct, right?


16 Mar 2013
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Joined: 27 Feb 2013
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Also token gifts do not need to be disclosed.


16 Mar 2013
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Joined: 26 Feb 2013
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How about if it is a significant gift for past performance… Wouldn’t this need to be disclosed?
cos it could lead to a bias towards the particular client/account in anticipation of similar gifts in the future..?
Can anyone shed some light on this?


16 Mar 2013
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i think the gift needs to be brought to the attention of your supervisor/employer either prior to accepting or as soon as possible afterwards. The supervisor will then be able to assess (in the future), your independence, objectivity etc…
Aslong as the gift is not contingent on future results.


16 Mar 2013
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What if in the question is simply written that permission has been obtained. No clue whether verbal or written, what do you do in this case?


16 Mar 2013
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I don’t think it requires consent. Just disclosure to the employer.


16 Mar 2013
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Matori Wrote:
——————————————————-
I don’t think it requires consent. Just disclosure
to the employer.
I meant in case of additional compensation arrangement. You need written permission. Now, in the question it’s simply written that permission has been obtained. What do you infer from this? Written or Verbal?


16 Mar 2013
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lol again that’s what I did and got thrown up…It’s even more frustrating when you get all of them correct in one exam and start feeling high, and soon in the next exam you get all of them incorrect. How can a guy with fair level of knowledge produce this inconsistent result?


16 Mar 2013
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Oh man… And the sad thing is, the answers rarely help out.
I love how the examples in the book are so straight forward.


16 Mar 2013
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One more question so far I knew sharing the client information with legal counsel is a violation even if there is any illegal activity going on in the client account. Schweser vol 2 exam 2 Morning session Q#13 says it’s allowed.


16 Mar 2013
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