Rule Q, 1.
10. A Manager shall at all times observe the principles of honesty, transparency, accountability
and personal impartiality (whether financial or otherwise) in his dealings involving Player
Transaction.
14. A Manager shall conduct himself at all times in an ethical and professional manner and shall
observe the highest standards of integrity and fair dealing
That doesn't leave much room for interpretation, he's clearly contravening the rules but what's he going to get, a small fine? Barely seems worth it.
He might not do it again.