What must members disclose regarding any conflicts of interest they may have?

Members must provide full and fair disclosure of all relevant matters regarding any conflicts of interest they may have. This comprehensive disclosure is essential for ensuring transparency and protecting the integrity of the financial markets. Conflicts of interest can arise in various forms, and thorough disclosure helps ensure that all parties involved are informed and can make decisions based on this information.

Providing a complete picture allows clients, investors, and stakeholders to understand the potential impacts of these conflicts on decision-making and the recommendations offered by the member. It promotes trust and accountability, which are foundational principles in the finance and investment industry. By disclosing all relevant conflicts, members demonstrate a commitment to ethical standards and to acting in the best interests of their clients.

In contrast, limiting disclosure to only minor conflicts, only those that impact transactions, or only conflicts known to regulators would not sufficiently address the various possible conflicts that could influence professional conduct and client relations. Each of these scenarios could lead to incomplete information being presented to clients and investors, ultimately undermining trust and the decision-making process.