
Explanation:
Grewal has violated Standard IV(B): Additional Compensation Arrangements.
Key Points:
Correct Answer: C - Yes, the Standard relating to additional compensation arrangements
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Manpreet Grewal, CFA, is a wealth manager and also teaches underprivileged children at a school on holiday weekends. The school pays Grewal a nominal fee for his services. Grewal does not disclose this arrangement to his employer. Has Grewal violated the Standards?
A
No
B
Yes, the Standard relating to disclosure of conflicts
C
Yes, the Standard relating to additional compensation arrangements
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