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Everywhere I've worked it was company policy that you are not allowed to accept anything from vendors you purchased through due to conflict of interest. You cou
by barbacoa 6y ago
Everywhere I've worked it was company policy that you are not allowed to accept anything from vendors you purchased through due to conflict of interest. You could be fired or go to jail for even the appearance of impropriety. It blows my mind that top people in our government can get away with taking huge amounts of money from the same people they are going to regulate. And even more crazy that they can just "get a waiver" and excuse it away.
- totalZero 6y agoI once had to fill out a regulatory form because a vendor wanted to send some bottles of wine to my coworkers and me, and instead of shipping every bottle separately he sent a case to our office in my name. FINRA has a rule that vendors cannot give gifts valued in excess of $100/year/person. On the other hand, the Secretary of the Treasury can take $700k from Citadel to speak, and then weigh in at the cabinet level on current events involving a Citadel-backed hedge fund and a brokerage that sells its order flow to Citadel. https://www.finra.org/rules-guidance/key-topics/gifts-gratuities-and-non-cash-compensation https://www.finra.org/rules-guidance/key-topics/gifts-gratui...