6. Wang Dazong, CFA, is a sole proprietor investment advisor. Dazong believes in putting his
money at risk along with his clients and trades the same securities as his clients. In order to
ensure fair treatment of all accounts, he rotates trade allocations so that each account has an
equal likelihood of receiving a fill on their orders. This allocation procedure also applies to
Dazong's own account. According to the CFA Institute Code of Ethics and Standards of
Professional Conduct, the allocation procedure used by Dazong:
A. complies with the Standards.
B. requires revision to ensure client trades take precedence.
C. should be disclosed and written approval received from clients.
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