Investors should be told because not only does such activity impact upon the investment results they receive, but it also is material to a determination of whether a manager maintains the ethical standards the investor seeks.

FORBES: Mutual Fund Personal Trading Illegalities: Letter to Barry Barbash, Director of Division of Investment Management, Securities and Exchange Commission (July 1, 1998)

There is a determination, not least because of public opinion, to negotiate with Iran until it either yields results or it becomes crystal clear to everyone that further negotiations are pointless.

BBC: Netanyahu gets tangled up in US election