siavosh

Oh yeah it’s all about the wording.
“He is careful to undertake transactions in the account only after his clients and employer have had an adequate apportunity to act”
perfect example of tricky wording.
For those of you using the Schweser guides rather than the CFAI books, I would recommend you crack the CFAI book ethics section and read through the scenarios they present for each professional standard. Many of these scenarios are almost guarnteed to show up on the exam with few minor changes.
The CFAI books may be long and cumbersome when explaining topics, but Ethics (I believe) is only about 160 pages, and a lot of that is optional reading. Definately worth reviewing.