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A CFA works as an advisor for a multinational finance corporation. The CFA has many wealthy clients, including a trust account that benefits three of

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A CFA works as an advisor for a multinational finance corporation. The CFA has many wealthy clients, including a trust account that benefits three of his/her immediate family members. The research department issues a buy recommendation on a stock that is appropriate for many clients and the family members. Which of the following would be considered a violation of the Standard concerning priority of transactions? The CFA trades on the family account shortly after his firm's clients have been informed of the buy recommendation The firm gives clients time to act on the new recommendation, but does not make its recommendation public before buying 100,000 shares for its own account The CFA waits to trade for the family account until four days after his firm's clients have been informed of the buy recommendation

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