Answer-first summary for fast verification
Answer: Yes
Sokolova's actions are consistent with the Standard relating to priority of transactions because: 1. **Pro-rata allocation**: She allocated IPO shares on a pro-rata order basis to all clients, which is fair and equitable 2. **Sister as client**: Her sister is a regular fee-paying client, so including her in the allocation is appropriate 3. **Disclosure frequency**: While disclosure frequency could be improved, the Standard doesn't specify exact frequency requirements 4. **No self-dealing**: She didn't prioritize her own transactions over clients' The key is that she treated all clients equally in the allocation process.
Author: LeetQuiz Editorial Team
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Are Sokolova's actions consistent with the Standard relating to priority of transactions?
A
Yes
B
No, because she allocated the IPO to her sister
C
No, because she has disclosed her private holdings only twice since she joined the firm
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