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What is a Financial Disclosure Statement ("FDS")? A FDS is a publicly available record containing financial and professional information about the filer and his or her spouse for a calendar year.
Financial disclosure reports are used to identify potential or actual conflicts of interest. If the person charged with reviewing an employee's report finds a conflict, he should impose a remedy immediately. The employee's supervisor, with his ethics official, should decide on the remedy.
Generally speaking, disclosure statements should identify the following: The individual with the financial interest; The financial interest and/or entity creating the actual or potential conflict; and. The relationship between the financial interest and the research being presented.
Order for Financial Disclosure State Law provides that if a person obtains a judgment for money, he or she is entitled to receive information regarding the financial status of the unsuccessful party within 15 days after entry of the judgment.