Question 4
Sally Fiedler, CFA, is a portfolio manager for Asipre Investments, Inc. In her spare time Fiedler intends to manage the small endowment fund for her children’s private day school. She believes it will only take a couple of hours each weekend and she will receive a discount on tuition for her two children. According to Standard IV(B) – Additional Compensation Arrangements, Fiedler:

A. must inform her employer of the arrangement but need not get permission as the time commitment is small.
B. must inform her employer and get permission, either verbal or written.
C. must inform her employer of all the details of this arrangement and receive written permission.
D. need not inform her employer because it will be on her own time and there is no actual compensation received.