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An analyst routinely has the opportunity to offer his clients the opportunity to purchase “hot new issues.” He tells his clients that he will distribute each issue equally among those interested, with himself included in the distribution. The clients do not object to this. With respect to Standard VI(B), Priority of Transactions, this: A. cannot be a violation because the clients know of the practice and agree. B. may be a violation despite the clients' approval. C. may be a violation because it is impossible to distribute hot new issues equally. |