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Basic Question 1 of 6
Which of the following is most likely correct?
B. When a block order is partially executed, allocating partially executed orders among the participating client accounts pro rata on the basis of order size is recommended for compliance with Standard III (B) Fair Dealing.
C. Trade allocation procedures being disclosed to all clients prior to their retaining the services of a firm is sufficient for compliance with Standard V (B) Communication With Clients and Prospective Clients.
A. Trade allocation procedures being disclosed to all clients prior to their retaining the services of a firm is sufficient for compliance with Standard III (B) Fair Dealing.
B. When a block order is partially executed, allocating partially executed orders among the participating client accounts pro rata on the basis of order size is recommended for compliance with Standard III (B) Fair Dealing.
C. Trade allocation procedures being disclosed to all clients prior to their retaining the services of a firm is sufficient for compliance with Standard V (B) Communication With Clients and Prospective Clients.
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
evaluate practices, policies, and conduct relative to the CFA Institute Code of Ethics and Standards of Professional Conduct;
explain how the practices, policies, and conduct do or do not violate the CFA Institute Code of Ethics and Standards of Professional Conduct.
CFA® 2025 Level II Curriculum, Volume 6, Module 45.