Why members and candidates must make disclosure of all matters ?

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 their employer. （所有可能和客戶、潛在客戶、雇主產(chǎn)生利益沖突的事項(xiàng)都要進(jìn)行披露）Must ensure that such disclosures are prominent, are delivered in plain language.

If asked to cover the company, when inherit the shares of the company in subject must disclose if follow（繼承股票后如果還想follow，必須披露）The best practice is to assign another to follow up the company.

Disclosure of performance arrangement

-Firms are encouraged to include information on compensation package in firms’ promotional literature. （鼓勵(lì)公司在宣傳冊(cè)上披露）

-If fee based on capital gains or capital appreciation (performance fee), should disclose;

-If outstanding options exist for incentives, should disclose the amount and expiration date of these options as a footnote to any research report published.

-Incentive fees should not be in conflict with the interests of clients’. If Yes, should disclose to clients; If employer not permit disclosure, should dissociate, or quit the job. （雇主制定的incentive fee 與客戶利益沖突，要披露。如果雇主不允許披露，要脫離或者辭職）