May wanted to change the Hunted: Adventurer's Guild to Watched: , showing that they keep an eye on the person without involving too much effort on keeping tabs. To me a hunted would mean they send someone after him from town to town; where it could just mean they watch what he does - as long as they pay dues, don't get arrested (too often) and keep their nose clean they don't bother them.
All in all I don't see an issue with it all.