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Basic Question 0 of 2
A breach of fiduciary duty occurs if the insider personally benefits from a disclosure. Benefits can be ______.
II. a gift of information to others
III. through a quid pro quo relationship
I. pecuniary or reputational
II. a gift of information to others
III. through a quid pro quo relationship
User Contributed Comments 9
| User | Comment |
|---|---|
| kalps | Indriect or direct benefit - all benefits count |
| rethan | What is a quid pro quo relationship?i.e what does it mean? |
| Drzewes | it's latin for "something for something" |
| AUAU | What meanings for "pecuniary or reputational? |
| giroth | Pecuniary = monetary or money based reward reputational = benefit to how people view you |
| apiccion | quid pro quo = "I scratch your back, you scratch mine" Many business relationships are quid pro quo. One party does a favor with the expectation that the other party will do some unspecified favour in the future. |
| Eshe | i dont understand the question at all.Can someone please explain to me? |
| sshetty2 | I think this should say personally benefits from non-disclosure... |
| sshetty2 | a breach of fiduciary duty occurs if the insider personally benefits from non-disclosure of the below mentioned potential business ties ie a pecuniary/reputational arrarangement, a gift of information to others and/or through a quid pro quo relationship with a brokerage/third party that handles operations on the back end (usually research or trade) and gets paid "soft dollars" for these services.. |
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Learning Outcome Statements
analyze and interpret financial statement disclosures regarding property, plant, and equipment and intangible assets
CFA® 2025 Level I Curriculum, Volume 2, Module 7.