medium · CFA Level I Ethical and Professional Standards
A portfolio manager at Oakridge Capital wants to trade a stock for his personal account that he also intends to buy for his clients.
Under Standard VI(B) Priority of Transactions, the manager should:
- Execute his personal trade simultaneously with the clients to ensure identical pricing.
- Execute his personal trade first if his position size is small enough not to move the market price.
- Execute all client and employer transactions before executing his personal trade.
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