Working on a deal in which client is family

Quick question here. Are there any laws or regulations prohibiting a banker from working with a client that has a family member of said banker on the management team? It sounds like something that might not be allowed, but when thinking about it, I can't come up with any reasons why it would cause issues... A company can choose their advisor for any reason whatsoever, so no issue there, and a banker is always going to do what is best for their client anyways, regardless of the relationship, so no issue from that side either... Does anyone know the answer here?

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