Grazelle Garbo has decided to change the recommendation on one of the firms she is following from hold to buy. She has c

[answerhappygod]

Grazelle Garbo has decided to change the recommendation on one of the firms she is following from hold to buy. She has communicated her research report to her senior manager, who is reviewing it. If the recommendation passes muster, it will be released three days from now. In the meanwhile, Grazelle has decided to follow her research and purchase the stock for several of her clients' accounts for which the stock is an appropriate investment and for which she has discretionary investment powers. In the course of the luncheon meeting that same day, she mentioned that she had bought the stocks for some client accounts to one of her prospective clients and described her research which caused her to change her recommendation. Grazelle hasI. violated Standard IV (B.3) - Fair Dealing - by revealing the change in recommendation.II. violated Standard IV (B.5) - Preservation of Confidentiality - by revealing the information about stock purchase.III. did not violate the Ethics code.

A. I and II only
B. II only
C. III only
D. I only