2007-03-23 20:50:32 · 7 answers · asked by janetzoey 1 in Business & Finance ➔ Other - Business & Finance
Most companies would make you sign a form declaring that while you work for them, you will not have any other outside business activities that would conflict with whatever they hire you for. For example, you can't work for Microsoft during the day, and get a part-time job at Apple working nights and week-ends. Conflict of interest, your exposure to trade secrets that you may accidentally share with a competitor, or secrets you may find out about a competitor that could make you liable if anything goes wrong. One can't sell products for two different companies, it gives you no credibility with customers. It's morally and ethically wrong, and with the heightened security and random background checks, one might get away with it for a while, but you will get caught.
2007-03-23 22:51:02 · answer #1 · answered by Hot Coco Puff 7 · 3⤊ 0⤋
Technically yes, but it depends in what sense you are asking.
A representative can sell products from a multitude of different companies, such as mutual funds from different companies, annuities from different insurers, etc. The rep works for a company which is separate but does have a selling agreement with investment companies that are vendors.
However, it would be highly irregular for a securities firm to allow you to work for rival firms. for example, Morgan Stanley and Smith Barney at the same time. I am not 100% sure about accounting firms, but I am fairly certain that it would not be permissible to work for example, H.R. Block and Jackson Hewitt or KPMG and PriceWaterhouse Coopers at the same time either.
2007-03-24 08:31:44 · answer #2 · answered by T W 2 · 0⤊ 0⤋
Yes on one hand... if the accountant/financial adviser is an independent person/entity.
No on the other hand... if the accountant/financial adviser has interest on one company. Conflict of interest may bring about bias mind on the job and this gives room for sentiments in favor of his interest and this is certainly against his work ethics.
2007-03-24 04:24:35 · answer #3 · answered by profremy 1 · 0⤊ 0⤋
Yes of course he can.
I've acted for two firms of solicitors in the same town. There is no conflict of interest because the best advice is given to both of them.
2007-03-25 17:16:13 · answer #4 · answered by Do not trust low score answerers 7 · 0⤊ 0⤋
if he is reputable & has the honesty & integrity to keep the 2 seperate in his mind , sure , i'm sure it happens quite often
2007-03-24 03:56:51 · answer #5 · answered by iammoza 3 · 0⤊ 0⤋
surely it would cause a conflict of intrest for the clients?
2007-03-24 03:53:41 · answer #6 · answered by kj 5 · 0⤊ 0⤋
no...it be conflict of interest/confidentiality...I am sure no employer will be so stupid to employ the same
2007-03-24 03:55:16 · answer #7 · answered by Anonymous · 0⤊ 0⤋