Alfred Milton manages accounts at GRTY Securities. James Holmes, one of his clients, e-mailed Milton to buy 300 shares in the IPO of JJKS Corp's stock. Few days later, despite being a hot issue, Milton succeeded prorating 500 shares of JJKS Corp. for his clients. After purchasing 500 shares for his clients and 300 shares for Holmes as per request, he purchased remaining 200 shares for his wife. Milton violated the standards by purchasing 200 shares for his wife and only 300 shares for Holmes violated the standards by purchasing 200 shares for his wife but is in compliance for purchasing 300 shares for Holmes as per his request did not violate the standards by purchasing 200 shares for his wife and 300 shares for Holmes