Wang Dazong, CFA, is a sole proprietor investment advisor. Dazong believes in putting his money at risk along with his clients and trades the same securities as his clients. In order to ensure fair treatment of all accounts, he rotates trade allocations so that each account has an equal likelihood of receiving a fill on their orders. This allocation procedure also applies to Dazong's own account. According to the CFA Institute Code of Ethics and Standards of Professional Conduct, the allocation procedure used by Dazong:
A complies with the Standards.
B requires revision to ensure client trades take precedence.
C should be disclosed and written approval received from clients.
老师,这道题不是特别明白为什么违反了。答案也没有看明白,谢谢指导!