CFA LV1---------ethic existing, accounts, potential, disclosed, Investment

jonh

Alexander Newton, CFA, is the chief compliance officer for Mills Investment Limited. Newton institutes a new policy requiring the pro rata distribution of new security issues to all established discretionary accounts for which the new issues are appropriate. The policy also provides for the distribution of new issues to newly established discretionary accounts where appropriate after their one-month anniversary date. This policy is disclosed to all existing and potential clients. Did Newton violate any CFA Institute Standards of Professional Conduct? A. No. B. Yes, because the distribution policy should treat all discretionary accounts equally. C. Yes, because disclosure of inequitable allocation methods does not fulfill the duty for fair and equitable trade allocation procedures. 为什么奴家回车没用啊啊啊啊啊啊啊啊，不要意思，让你们看得比较混乱，只能分开。。。


A. No. B. Yes, because the distribution policy should treat all discretionary accounts equally. C. Yes, because disclosure of inequitable allocation methods does not fulfill the duty for fair and equitable trade allocation procedures. Standard III (B) Fair Dealing requires when making investments in new offerings, advance indications of interest should be obtained as well as, providing for a method for calculating allocations. Additionally, disclosure of inequitable allocation methods does not relieve a member from this obligation. 看了解释还是不明白这道题错在何处。。。求解释，鞠躬！！！！！！！泄泄~

童老师

我的理解是题目中説到The policy also provides for the distribution of new issues to newly established discretionary accounts where appropriate after their one-month anniversary date. 也就是説只分给已经开设满一个月的discretionary accounts ，那么对于已经开设了discretionary accounts 的客户但还没有满1个月的是不公平的。