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Basic Question 5 of 6
Melanie Jones, a money manager, received a gift of significant value from a client as a reward for her performance in the prior period. Melanie does keep the gift, but notifies her employer. Is this an ethical violation?
B. No. As long as Melanie notifies her employer and the gifts are for the prior period and not contingent on future performance or client benefit, this is not an ethical violation.
C. Yes. Melanie should not be receiving gifts of significant value from clients.
A. No. As long as Melanie notifies her employer, she can receive gifts for any reason.
B. No. As long as Melanie notifies her employer and the gifts are for the prior period and not contingent on future performance or client benefit, this is not an ethical violation.
C. Yes. Melanie should not be receiving gifts of significant value from clients.
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Edward Liu
Learning Outcome Statements
evaluate practices, policies, and conduct relative to the CFA Institute Code of Ethics and Standards of Professional Conduct;
explain how the practices, policies, and conduct do or do not violate the CFA Institute Code of Ethics and Standards of Professional Conduct.
CFA® 2025 Level II Curriculum, Volume 6, Module 45.