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Chartered Financial Analyst Level 1

Chartered Financial Analyst Level 1

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John Lee, CFA, manages portfolios for several individuals, including his brother. All of Lee's clients are standard fee-paying clients. Lee subscribes to an IPO for only those clients for whom the IPO is suitable, which includes his brother. Lee does not receive the number of shares requested by his clients and allocates shares of the IPO pro-rata to those clients, including his brother. Are Lee's actions most likely consistent with the Standards?

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