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Mary Kim practices in the economically advanced country of Oldasia as well as in the emerging market country of Newasia. By regulation, Oldasia prohibits licensed investment advisors from trading in securities ahead of their clients. Newasia has no laws or regulations in this area. According to the CFA Institute Standards of Professional Conduct, Kim may: A. not trade ahead of her clients in either country. B. trade ahead of her clients in Newasia only. C. trade simultaneously with her clients in Newasia only, as long as she has made full disclosure to her clients that she reserves the right to do this. |