schweser Book 1 page 78, question 21

all of the following violate standard Fair Dealing, except: b. a firm makes investment recommendations and also manages a mutual fund. the firm routinely begins trading for the fund’s account ten minutes before announcing recommendation changes to client accounts. c. after releasing the general recommendation to all clients, an analyst calls the firm’s largest institutional clients to discuss the recommendation in more detail. I understand C didn’t violate fair dealing, however, how did B violate fair dealing? trading company’s own account before client’s, violated priority of transaction, but not fair dealing right? Can anybody help with this one? Thank you in advance.

i think priority of transactions has to do with trading your own personal account, not a mutual fund that your firm manages. fair dealing - between different (classes) of clients priority - between you personally and clients