【羿文寄语】努力与付出，总是在不经意间就会取得较大的进步。

CFA考试Level Ⅰ

【单选题】

Ralph Salley, a Level I candidate in the CFA Program, is explaining Standard VI(B) Priority of Transactions, to his supervisor.Salley states, "The Standard recommends, but does not require, that members and candidates should not participate in initial public offerings.The Standard also recommends that divades for accounts of family members be made after those for other clients, but before those for the account of the members and candidates responsible for executing the divansactions." Salley's explanation of the Standard is:

A.correct.

B.incorrect, because the Standard does not recommend that divades for family members be made after those for other clients.

C.incorrect, because the Standard requires that members and candidates not participate in initial public offerings.

答案：B

【解析】Standard VI(B) Priority of Transactions recommends that members and candidates avoid the appearance of conflict of interest by not participating in IPOs.If a family member is a fee-paying client, the member or candidate should treat them like any other client, not giving any advantage or disadvantage to their accounts.