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Smart violated both Standards. Smart violated Standard III(B) Fair Dealing because she not deal fairly and objectively with all clients and prospects when disseminating investment recommendations, giving priority to some of the firm’s clients by trading for her clients first before issuing the report. She also sold her own shares before issuing the report, which violated Standard VI (B) Priority of Transactions. Smart did not give clients an opportunity to react to and benefit from her recommendation before she personally benefited from her research.