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NEW QUESTION: 1
Which of the following is most likely incorrect?
A. Processing and executing orders on a first-in, first-out basis is recommended for compliance with
Standard III (B) Fair Dealing.
B. Processing and executing orders on a first-in, first-out basis is recommended for compliance with
Standard IV (C) Responsibilities of Supervisors.
C. Giving all client accounts participating in a block trade the same execution price and charging the same commission is recommended for compliance with Standard III (B) Fair Dealing.
Answer: B
Explanation:
Processing and executing orders on a first-in, first-out basis is required by Fair Dealing rather than Responsibilities of Supervisors.