1. 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 provides for the distribution of new issues to newly established discretionary
accounts after the 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 fails to 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.

答案是c  为什么呀？谢谢