Priority of Personal Transactions Over Client Transactions

Medium Cfa Institute Code And Standards Conflicts - Priority Of Transactions

As a Chartered Financial Analyst (CFA) charterholder, you are managing a pooled investment fund that has positions in various publicly traded companies. You also have a personal trading account and are considering the purchase of shares in a company that the fund currently holds. As you weigh your decision, you recall the CFA Institute's Code of Ethics and Standards of Professional Conduct regarding potential conflicts of interest.

Which of the following actions would best align with the CFA Institute standards concerning the priority of transactions?

Proceed with your personal purchase of the shares since you plan to hold them long-term and don't intend to sell them quickly.

Delay your personal purchase of the shares until after the fund has completed its trading activities for the day.

Purchase the shares immediately, as personal transactions are entirely separate from your professional responsibilities.

Hint

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