why he is in violation while he have notified his employer
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So conflict of interest arises often in the investment profession & it happen between the employer,clients.So there must be disclosure of interest with the employer,clients or prospective
In this situation the person is working for the family and not paid for it.However he is so passionate about the work with the family that is he mentally occupied and depriving his skill to the employer. So in this case he must disclose conflict of interest to his employer
And there is violation of additional compensation arrangement because he is working for the family and the family is so satisfied with the work and gift him the expensive watch for him and his family members as appreciation.This is an example of additional compensation arrangement.He have to take written consent from all the party regarding additional compensation arrangement
So answer is option C