Bob Hatfield, CFA, has his own money management firm with two clients. The accounts of the two clients are equal in value. Hatfield has been trading on the clients’ behalf with a single brokerage firm for several years. Because of his many years of business, the brokerage firm occasionally gives Hatfield shares in an initial public offering (IPO) to sell to his clients. Hatfield has a policy of allocating the IPO shares equally between the portfolios of the two clients. This policy is :（）
A. congruent with Standard Ⅲ (C), Suitability.
B. a violation of Standard Ⅲ (C), Suitability.
C. a violation of Standard Ⅲ (B) , Fair Dealing.
参考答案：B
解析：
According to Standard Ⅲ (C), the analyst must consider the appropriateness and suitability of an investment recommendation for each portfolio or client. Having a fixed policy of adding investments to portfolios without evaluating their suitability is a violation of Standard Ⅲ (C). The action does not violate either of the other standards listed.