The Investments & Wealth Institute is committed to compliance with all federal and state antitrust laws. In keeping with that commitment, the members of IWI's Board of Directors and Professional Advisory Council are reminded that certain topics are not proper subjects for discussion and consideration at any meeting of members, officers, directors, or committees, whether formal or informal.
While it is entirely appropriate to meet to discuss common problems and areas of interest, keep in mind that IWI members are competitors and any action taken to eliminate, restrict, or govern competition among members may constitute a violation of antitrust laws. Any discussion at IWI meetings that relates to significant factors of competition among members may raise the inference that such a discussion is for the purpose of agreeing upon a common course of business conduct.
Among the subjects that should never be discussed are fees, prices, costs, delinquency charges or fees, conditions, terms and prices of service, allocating or sharing customers, or refusing to deal with a particular supplier or class of suppliers. Agreements among competitors relating to any of these subjects are per se violations of antitrust laws and can lead to criminal and civil penalties.
It is essential that IWI directors, officers, and members take all necessary steps to prevent any IWI meeting from becoming a forum for discussions that might lead to an understanding or agreement, expressed or implied, which restrains or interferes with competition.