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Which of the following trade allocation procedures being considered for Horizon’s trade allocation policy would NOT be consistent with Standard III(B)—Fair Dealing? A. All clients participating in block trades are give the same execution price and are charged the same commission. B. When the full amount of a block order is not executed, partially executed orders are allocated on a first-in, first-out basis. C. Regular orders are processed and executed on a pro-rata basis. |