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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. When the full amount of a block order is not executed, partially executed orders are allocated on a first-in, first-out basis. B. All clients participating in block trades are give the same execution price, and all clients are charged the same commission. C. Regular orders are processed and executed on a pro-rata basis. |