Independence in Professional Relationships

Very Easy Cfa Institute Code And Standards Professionalism - Independence

John is a financial analyst at a well-respected investment firm. He has been approached by a friend who owns a small business and asks John to assist with investment decisions for a fee. John is considering whether to accept this payment for his advice.

According to the CFA Institute Code of Ethics and Standards of Professional Conduct, which of the following actions should John take regarding the potential conflict of interest?

Accept the payment as long as his firm is informed.

Decline the payment to avoid any potential conflict of interest.

Accept the payment, but disclose it to the relevant authorities.

Hint

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