Priority of Transactions - Mutual funds

[FrankCFA]

Does member invest in mutual fund relevant to this standard? I think it’s not because it’s not the direct investment decision-making process?

6(B) Priority of Transactions
Investment transactions for clients and employers must have priority over investment transactions in which a Member or Candidate is the beneficial owner.

 

[Godism17]

Mutual funds settle at the end of the day for everybody no matter when you put the order in to sell the darn thing, so I don’t think it matters.
What seems to matter is insiders with knowledge of fund managers intent to buy/sell and they get ahead of those trades or don’t allocate them correctly. That has caused problems.
Maybe if you look at a day to day trade, it would be a problem. You sell all your mutual fund shares Day 1, then the next Day 2 sell all your client’s shares at a lower price. I’m not sure if 24hrs for MF is enough to clear this standard. You should do the reserve order to be clean or the same day.