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Chartered Financial Analyst Level 2

Chartered Financial Analyst Level 2

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63 Jane Parker, CFA, is a portfolio manager. Parker's husband is a non-fee paying client at her firm, while her aunt is a standard fee-paying client. When allocating oversubscribed IPO shares, Parker allocates shares to all other fee-paying clients first. As a result, the accounts of her husband and aunt often do not get any allocation.

Does Parker's actions violate the Standard relate to priority of transactions?

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