Posted by T Jent on February 03, 2001 at 02:38:47:
It’s been a long time since my legal ethics course so I’m afraid I can’t give you a very good answer. It’s possible I’m mistaken, but I just remember a number of ethics provisions addressing entering business dealings with clients, and treating this practice as highly sensitive and prone to conflict since your fiduciary duty is always to them, and this is easily clouded when you yourself are deriving profit from the subject transaction. After all, it may seem, as you say, that you and your client’s interests are the same. But that’s how all business partnerships begin … until the inevitable day the partners disagree, and begin accusing each other of this and that impropriety. Again, I may be wrong. I would just check the ethical code to make sure I was playing it safe. Good Luck.