III(B): Fair Dealing
CFA® Standard of Professional Conduct III(B): Fair Dealing requires that all members:
No.
Standard III(B) does not require that a member use the same brokerage firm for all client trades. Standard III(A): Loyalty, Prudence, and Care requires that members execute trades in the most favorable terms that can be achieved, which may require the use of different brokerage firms for client trades.
No, that's not right.
Standard III(B) does not require that each client be charged based on the same fee schedule.
Yes!
Standard III(B) applies to conduct in two broad categories, investment recommendations and investment actions, and requires that all members treat clients fairly in these two regards.
use the same brokerage firm for all client trades.
charge each client according to the same fee schedule.
treat clients fairly when recommending investments or taking investment actions.
