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im Runner, CFA, manages several client portfolios. One of his clients offers him use of a cabin in a vacation spot because the client's investment
im Runner, CFA, manages several client portfolios. One of his clients offers him use of a cabin in a vacation spot because the client's investment results under Runner's management have exceeded the client's goals. Runner discloses the gift to his employer. With reference to the Standards of Practice, Runner: Question 14Answer a. has complied with the Standards and may accept the gift. b. has appropriately disclosed the gift to his supervisor, but must also disclose it to his other clients. c. is not permitted to accept the gift because he does not have permission from his employer
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