Gift from a non client is more serious than gift from a client.
if a CFA receives 250$ voucher from a firm to which she direct trades to, how is this a violation less serious than an identical case in which the voucher is by a client of the CFA.
First, she is a CFA charterholder, not a CFA. (How quickly we forget Ethics! 
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It would be more serious to get a $250 gift from a broker to whom she directs trades if that gift could be perceived as influencing her to direct more trades to the broker, even if that were not in her clients’ best interests. (She has a duty to her clients; she has no duty to the broker.) A $250 gift from a client is less likely to influence her to act contrary to her clients’ best interests.
Haha, I was about to comment on that. We cannot use it as a noun.
I understand that a gift from a non client is more serious than from a client. So how is it that a gift from a firm that she directs trade to is LESS serious? This was the answer from a question bank.
The firm she direct trade to is a client or non client?