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No, not at all. Back up the truck. Ignore the subsequent emails from the independence group.
Lol. You slow, bro? What would be the point of having a list if you could just ignore it without consequences?
No bro, I wouldn’t be where I am by being slow. But thanks for your concern. Just relatively new to the firm. I don’t think anything would come from an unintentional oversight but wondering what other ppl thought
If you bought it without checking if it was restricted they aren't going to consider it unintentional. If you held it before joining the firm or before it became restricted, then it could be considered unintentional. Either way, it's not taken lightly. I know someone who had to go through weeks of scrutiny and review because their spouse's 401(k) was restricted (which is ok if that is the only retirement option available by the spouse's employer) but when the spouse left that employer, they didn't roll the 401(k) into a non-restricted provider. It's taken very seriously, mainly because of the reputational risks and negative perceptions that the firm could be exposed to if it was publicized.
Yes. Assuming you are a manager or above and required to report into KICS, you don't want to be on an independence violation list.
Ask the question in the way you explained it then. You said “does it reflect negatively” which is an obvious yes. It’s very clear in all the trainings and independence confirmations that it’s taken seriously.
And KPMG has a lot of reputation to earn back