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6.0ETHICS AND CONFLICTS OF INTEREST <br />6.1Investment Officials and Officers <br />Investment officials, officers, and employees involved in the investment process <br />shall refrain from personal business activity that could conflict with the proper <br />execution and management of the investment program, or that could impair their <br />ability to make impartial decisions. Investment officials, officers and employees <br />shall disclose any material interests in financial institutions with which they <br />conduct business. They shall further disclose any personal financial/investment <br />positions that could be related to the performance of the investment portfolio. <br />Investment officials, officers and employees shall refrain from undertaking <br />personal investment transactions with the same individual with whom business is <br />conducted on behalf of the City of Santa Ana. <br />6.2Statement of Economic Interests <br />Investment officials and officers authorized to approve investment decisions shall <br />be required to submit an annual Statement of Economic Interests, also known as a <br />Form 700 in accordance with California Government Code, Section 1090 et seq. <br />The Form 700 provides transparency and ensures accountability in two ways: <br />1)It provides necessary information to the public about official’s/officer’s personal <br />financial interests to ensure that officials and officers are making decisions in <br />the best interest of the public and not enhancing their personal finances. <br />2)It serves as a reminder to the public official of potential conflicts of interest so <br />the official or officer can abstain from making or participating in governmental <br />decisions that are deemed conflicts of interest. <br />7.0AUTHORIZED FINANCIAL INSTITUTIONS AND QUALIFIED BROKER-DEALERS <br />7.1Authorized Financial Institutions <br />The City shall transact business only with banks, savings and loans and registered <br />investment securities dealers. <br />7.2Qualified Broker-Dealers <br />The purchase by the City of any investment other than those purchased directly <br />from the issuer, shall be purchased either from an institution licensed by the State <br />as a Broker-Dealer, as defined in Section 25004 of the Corporations Code and <br />registered withFinancial Industry Regulatory Authority (FINRA), or a member of a <br />Federally regulated securities exchange, a National or State-Chartered Bank, a <br />Federal or State Association (as defined by Section 5102 of the Financial Code), or <br />a brokerage firm designated as a Primary Government Dealer by the Federal <br />Reserve Bank, and who is registered with FINRA. <br />*´«¸ ΐǾ ΑΏΐ9- <br />C¨³¸ ®¥ 3 ­³  ȃ !­­´ « <br />0 ¦¤ 7 <br />3³ ³¤¬¤­³ ®¥ )­µ¤²³¬¤­³ 0®«¨¢¸*´­¤ ΒΏǾ ΑΏ20 <br /> <br />