Question
If an advisor receives $500 per client referred to an accounting firm, is disclosure required even if the fee is modest?
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Answer
Yes, all referral compensation must be disclosed.
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Question
Under Standard VI(C), who must be told about referral compensation?
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Answer
The employer and the client or prospective client.
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Question
Under Standard VI(B), whose transactions take priority over a member's personal trades?
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Answer
Client and employer transactions.
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Question
Which substandards make up CFA Standard VI on conflicts of interest?
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Answer
VI(A) Disclosure, VI(B) Priority of Transactions, VI(C) Referral Fees.
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