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An analyst has the opportunity to offer his clients shares in a “hot new issue.” One of the analyst’s clients is his brother. When the new issue comes out, for those clients he deems it would be appropriate, he offers them an equal share. He includes his brother in that group. With respect to Standard VI(B), Priority of Transactions, this is: A. congruent with the Standard as long as he does not have a direct personal interest in his brother's account. B. congruent with the Standard if his brother is not a 'covered person'. C. congruent with the Standard even if he has a direct personal interest in his brother's account. |