Ralph Salley, a Level I candidate in the CFA Program, is explaining Standard VI(B) Priority of Transactions, to his supervisor. Salley states, "The Standard recommends, but does not require, that members and candidates should not participate in initial public offerings. The Standard also recommends that trades for accounts of family members be made after those for other clients, but before those for the account of the members and candidates responsible for executing the transactions." Salley's explanation of the Standard is: —— 财会经济>CFA特许金融分析师 > CFA考试（Level Ⅰ） > Study Session 1　Ethics and Professional Standards

单选题 编号：2690652

1. Ralph Salley, a Level I candidate in the CFA Program, is explaining Standard VI(B) Priority of Transactions, to his supervisor. Salley states, "The Standard recommends, but does not require, that members and candidates should not participate in initial public offerings. The Standard also recommends that trades for accounts of family members be made after those for other clients, but before those for the account of the members and candidates responsible for executing the transactions." Salley's explanation of the Standard is:

A.correct.
B.incorrect,because the Standard does not recommend that trades for family members be made after those for other clients.
C.incorrect,because the Standard requires that members and candidates not participate in initial public offerings.

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