Jane has received an allocation of shares in a new IPO for her wealth management clients, of which five had requested to participate in the new listing. Due to an oversubscription, the amounts requested cannot be met in full. Due to the popularity of the float four more clients have also requested some of the IPO allocation. Which of the following actions is least likely a violation of CFA standards? Jessop could: O distribute the IPO shares evenly among the nine clients. O allocate the IPO shares to the five initial clients as a pro-rata of their requested allocations. O allocate the minimum share allotment to all nine clients and any excess allocation to her personal account. allocate the minimum share allotment to the five initial clients and any excess allocation to her personal account.

Jane has received an allocation of shares in a new IPO for her wealth management clients, of which five had requested to participate in the new listing. Due to an oversubscription, the amounts requested cannot be met in full. Due to the popularity of the float four more clients have also requested some of the IPO allocation. Which of the following actions is least likely a violation of CFA standards? Jessop could: O distribute the IPO shares evenly among the nine clients. O allocate the IPO shares to the five initial clients as a pro-rata of their requested allocations. O allocate the minimum share allotment to all nine clients and any excess allocation to her personal account. allocate the minimum share allotment to the five initial clients and any excess allocation to her personal account.