Trading in client securities for personal accounts

CFA Level III Ethics
#1

CFAI Book1 p.251 Pearl Investment Management

Trading in client securities for personal accounts may violate 3B Fair Dealing. How?

#2

Bump

#3

if you do the trading for your personal account before you do for the client account.

#4

That would violate 6B Priority of Transactions and possibly 3A Loyalty Prudence and Care, but I don’t see how it could violate Fair Dealing.

#5

Client first…

#6

I agree with Zestzorb. Priority of transactions has to deal with employer and clients getting first dibs over yourself, whereas fear dealing is only in regards to transactions BETWEEN clients not being executed with preference to one or the other.

In fact, a certain un-named sample exam may or may not have explicitly made this point.