CFA二级道德III (B) Fair dealing PZ2016040301000001

不违反fair dealing的。

这里Candidate和member要确保Recommendation发放给所有的客户，不能区别对待。

他将更改的信息发给了所有的客户。并没有区别对待。

如下文：

Standard III(B) does not state “equally” because members and candidates could not possibly reach all clients at exactly the same time—whether by printed mail, telephone (including text messaging), computer (including internet updates and e-mail distribution), facsimile (fax), or wire.

做到给所有客户发更改信息就是OK的。

但是这里有个要注意的点：

由于这是一次更改的Recommendation，虽然说之前把信息发放给了所有的客户，但是客户不一定注意到了更改；如果有投资者的投资决策与之前的recommendation有关，或者与新的Recommendation相反，需要特别注意一下这类客户是否收到了更改信息；具体的案例可能会这么考：

虽然通知过了更改，但客户要求的投资和更改之后的相反，说明客户有可能是没有注意到更改的，此时在投资前一定要向客户告知recommendation做了更改。否则，仍是违反III(B)的。

具体如下：

The duty to clients imposed by Standard III(B) may be more critical when members or candidates change their recommendations than when they make initial recommendations.

Clients who do not know that the member or candidate has changed a recommendation and who, therefore, place orders contrary to a current recommendation should be advised of the changed recommendation before the order is accepted.