
Ultimate access to all questions.
Terence Salk, CFA, is an equity analyst at TriGamma Securities. TriGamma has no policy governing outside work arrangements of its employees. Salk intends to work a few hours on weekends to supplement his income, teaching English as a second language as an independent contractor for Lightspeed Languages, a firm in his neighborhood.
To be consistent with the Standard relating to additional compensation arrangements, Salk:
A
does not need to inform TriGamma of his employment arrangement with Lightspeed.
B
must provide written notice to TriGamma before entering into an employment arrangement with Lightspeed.
C
is required to obtain written consent from both TriGamma and Lightspeed before entering into an employment arrangement with Lightspeed.