D) Lawyers in a firm may, in the course of the firm's practice, disclose to each other information relating to a client of the firm, unless the client has instructed that particular information be confined to specified lawyers. If a member, a candidate, or a members or candidates firm has outstanding agent options to buy stock as part of the compensation package for corporate financing activities, the amount and expiration date of these options should be disclosed as a footnote to any research report published by the members or candidates firm. Can a member or candidate give objective advice if he or she owns stock in the company that is the subject of an investment recommendation or if the member or candidate has a close personal relationship with the company managers? IAR Realtors have a variety of benefits and resources as a member. Plainly speaking, there is a financial risk to the plans fiduciaries if they do not receive the disclosure. Under these circumstances, the. We suspect (and hope) more guidance is forthcoming. Even without owning the Drew stock, Roberts would recommend it in her report as a buy. A surge in the price of the stock to the US$2 range is likely to result once the report is issued. B. Ronna's buyer client asked her to keep his financial situation confidential. It is the plan fiduciaries obligation to ensure that reasonableness. C. Ted, Ronna's broker, insisted that she teach a contracts class, even though she's a new agent. Having an inspector complete it is better than relying thoroughly on the Seller's Disclosure of Property Condition. . Although Betty may explain each section of the form, she should neither mark the boxes nor sign on the seller's behalf. Factors to be considered in determining the reasonableness of the lawyer's expectation of confidentiality include the sensitivity of the information and the extent to which the privacy of the communication is protected by law or by a confidentiality agreement. In such situations, the lawyer may disclose information relating to the representation to the extent necessary to enable the affected persons to prevent or mitigate reasonably certain losses or to attempt to recoup their losses. Summary of the HIPAA Privacy Rule | HHS.gov Members and Candidates must make full and fair disclosure of all matters that could reasonably be expected to impair their independence and objectivity or interfere with respective duties to their clients, prospective clients, and employer. Suggest that the sellers consult with an attorney as to the best way to complete the Seller's Disclosure Notice under these circumstances. D) B) 569, 578 (2002). True Standard VI(A) Disclosure of Conflicts - CFA Institute
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