Monserrat Troy is a portfolio analyst at Merryl Flynch Inc., a leading investment bank. Merryl's corporate policy prohib

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Monserrat Troy is a portfolio analyst at Merryl Flynch Inc., a leading investment bank. Merryl's corporate policy prohibits its employees from trading in IPOs even if they are not being underwritten by Merryl. Recently, a fast-growing internet firm, Netblaze, announced that it was going public. Monserrat's friend, Victor, told her that he could get her bid in for a few shares of the IPO. The size of the deal was very small, amounting to less than a couple of thousand dollars. Monserrat went ahead and bought the shares but did not think it was necessary to inform her supervisor about it. She:

A. violated Standard II (B) - Professional Misconduct - by violating company policy.
B. did not violate the AIMR code of conduct even though she violated the company policy since the size of her transaction was extremely small.
C. violated Standard III (B) - Duty to Employer - by violating company policy.
D. violated Standard III (C) - Disclosure of Conflicts to Employer - by violating company policy.