Which of the following is required before accepting additional compensation from an external broker?

When accepting additional compensation from an external broker, formal notification to the workplace is an essential step to ensure transparency and compliance with ethical standards. This requirement emphasizes the need for individuals to disclose any potential conflicts of interest that may arise from accepting outside compensation.

By notifying the workplace, it allows for oversight and ensures that the individual's actions align with the organization's policies and ethical guidelines. This practice helps maintain trust with clients and colleagues, as it safeguards the integrity of the professional environment and the decision-making process.

Moreover, this step can prevent potential issues that might arise from undisclosed financial incentives, such as favoritism or biased advice related to financial products. Simply accepting compensation without proper notification could lead to questions about the motivations behind professional recommendations, compromising both the professional's integrity and the client’s trust.

This process of formal notification serves as a critical safeguard in the ethical landscape of financial and investment professionals.