Fair Dealing

Can you offer different level of services to different client

yes you can but different levels of service must 1)not disadvantage or negatively affect clients 2) disclosed to clients and prospective clients 3)should be available to everyone

Recommended: when disseminating material information

1) limit the people involve 2)Shorten the time frame between decision and dissemination

Recommended: for block trades and new issues

1)giving all client sam price and chargethe same commission 2) when the full amount of the block order is not executed, allocating partially executed orders among the participating client accounts pro rata on the basis of order size while not going below an established minimum lot size for some securities (e.g., bonds)

Recommended: do you need to tell client how you determine which stock to buy and how much

Yes, Members and candidates should disclose to clients how they select accounts to participate in an order and how they determine the amount of securities each account will buy or sell.

Violation or not: busy with a number of transactions so she fails to allocate the trades immediately or write up the trade tickets.

yes, should have allocated the trades prior to executing the orders, or she should have had a systematic approach to allocating the trades, such as pro rata, as soon as practical after they were executed.

Violation or not: Jenpin Weng uses e-mail to issue a new recommendation to all his clients. He then calls his three largest institutional clients to discuss the recommendation in detail.

NO, because he widely disseminated the recommendation and provided the information to all his clients prior to discussing it with a select few.If Weng had discussed the report with a select group of clients prior to distributing it to all his clients, he would have violated Standard III(B)