CFA Level I sample question

CFA Level I Standard VI(B) Priority of Transactions question

Ethical and Professional Standards / Standard VI(B) Priority of Transactions

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Standard VI(B) Priority of Transactions sample question

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Ethical and Professional Standards

Standard VI(B) Priority of Transactions

A portfolio manager learns that client accounts will buy a thinly traded stock after a recommendation is approved. Before the client trades, the manager buys the stock in an account held by his spouse, over which he has trading authority. The manager's best defense is that the spouse account is legally separate. This defense is:

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