directors’ compensation is required on an individual basis, while members of its administrative, supervisory or management bodies’ compensation is required on lump sum basis (aggregate amount). The standard
liable to account for the ill-gotten profits. However, a fiduciary duty does not imply that the person must place their client or investors’ interests before their own. INVESTMENT ADVISOR COMPANY: WHO IS
reputation, financial status, business operation or its clients ; (5) having a reasonable ground to believe that there is or was [i] a demeanor of lacking practice on code of conduct or standard of conduct
customer; (7) information on the purchase, sale or holding shares or share warrants of the investment advisory company, person with power of management or advisor in the case where the purchase, sale or
depository shall not have any of the following characteristics: (1) is or was an executive director, executive, staff member, employee, or advisor, or is holding or held any other equivalent position, of the
may not be suitable for you and it is recommended that you consult an independent investment advisor if you are in doubt about such investments or investment services. Nothing in this report constitutes
with Clause 12; 11 (c) the document stating the opinions of the management company and the financial advisor on the reasonableness of the appraisal report in (b) whereby if the management company or the
) “ financial advisor ” means a financial advisor on the approved list of the SEC Office; (15) “ fund supervisor ” means the supervisor of a fund ; (16)2 “ common person group ” means the persons with one or more
expensive mutual funds that underperform), but still provides other valuable services that enable a client to achieve his or her goals. While this financial advisor may have failed from a pure alpha