American Institute of Certified Public Accountants (AICPA) Practice Exam

Accepting tickets to a show from a vendor while attending a trade convention can be permissible under certain conditions. In the context of professional conduct, broker-dealers must ensure that any gifts or entertainment received do not compromise their integrity or objectivity. If the tickets are given in the spirit of representing the firm at a legitimate trade convention, and the intention behind the offering aligns with typical business practices in that context, it may be deemed acceptable.

However, it is also crucial to consider the broader regulatory environment and internal policies of the brokerage firm. Firms often have guidelines on the acceptance of gifts and entertainment, which aim to avoid potential conflicts of interest. Thus, if the acceptance of such tickets is aligned with the firm's policies and does not create an appearance of impropriety, it would be permissible.

Understanding these nuances helps ensure that broker-dealers maintain compliance with ethical standards and do not inadvertently violate the principles of their profession.