You have received a gift from a good friend who also happens to be your USD/YEN broker. Under such circumstances, the Model Code recommends that you should:
A) Always decline gifts.
B) Give the gift to charity.
C) Keep the gift.
D) Report the gift to management.

Question

Quizplus · Accepted Answer

The Model Code recommends that any gifts received from a broker should be reported to management, even if they are from a friend. This helps to ensure transparency and prevent any perception of impropriety or favoritism. Options A and B are not necessarily required, but it is important to follow the guidance of the Model Code and report the gift to management. Keeping the gift without reporting it could lead to potential ethical issues.

You Have Received a Gift from a Good Friend Who