Under which condition can Jason Blackwell accept an arrangement to review client portfolios for a fee?

Prepare for the Kaplan Ethics Test. Practice with comprehensive quizzes, flashcards, and multiple-choice questions. Each question includes insights and explanations. Gear up and succeed on your exam!

The correct approach for Jason Blackwell when considering the arrangement to review client portfolios for a fee is to disclose and obtain consent from Mega Capital. This falls in line with ethical standards that require professionals to maintain transparency and prevent conflicts of interest.

Under ethical guidelines, particularly in the finance and investment industry, professionals are obligated to inform their employers or relevant parties about any outside business activities that may pose a conflict with their professional duties. This means that not only does Jason need to disclose his intentions to Mega Capital, but he must also receive consent before proceeding with the external arrangement. This practice ensures that all parties involved are aware of Jason’s activities and helps maintain trust and integrity within the professional relationship.

This process of disclosure and obtaining consent helps to safeguard both the interests of the clients and the integrity of the firm, as it reduces the likelihood of situations where personal gain could conflict with the duties owed to clients or the employer.

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