[Anonymous]

I am sorry for this silly question but I am really confused ,

As per my knowledge covered member doesn’t own any stock of attest client ,

and covered member Immediate family members has the same rules, so even theycan’t own a single stock of attest client.

If this is what I am understanding is correct,then

the criteria of not exceeding of aggregate ownership of 5 % of an attest client outstanding equity securities is not apply to covered member .Is that right?

I am confused because wiley book says that if covered member cannot own common stock of a client ,neither than that covered member’s spouse or dependent children .

but In ninja blitz Jeff says that —

“covered member Immediate family cannot own more than 5 % of stocks .”

I know ,I am misunderstanding something ,Please help me out