hard · CFA Level I ethics

Under Standard III(B) Fair Dealing, when a firm manages an account for a family member of an employee that is a fee-paying client account, the account must be:

  1. Favored with earlier allocations to ensure the employee's family interests are protected.
  2. Disadvantaged by being traded only after all other non-related client accounts.
  3. Treated the same as any other regular client account.

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