Jamie Smith works for AMC Brokerage. He is in the process of releasing a research report on an advertising company called PLW. He recommends that his clients buy the share. Which of the following statements may result in a conflict or possible conflict situation?
I). Jamie's mother has a material shareholding in PLW.
II). Jamie does private work for PLW Company.
III). Jamie's sister supplies the coffee to PLW.
IV). AMC Brokerage has a large holding in PLW.