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. （所有可能和客户、潜在客户、雇主产生利益冲突的事项都要进行披露）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（继承股票后如果还想follow，必须披露）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. （鼓励公司在宣传册上披露）

-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 与客户利益冲突，要披露。如果雇主不允许披露，要脱离或者辞职）