Victor Lazquez is an analyst with Amro Investments and follows the optical instrument manufacturers. In this capacity, h

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Victor Lazquez is an analyst with Amro Investments and follows the optical instrument manufacturers. In this capacity, he has learnt a few trade secrets pertaining to a leading edge firm, Fibroptica. Recently, he was approached by Fibroptica's competitor, Lensmakers Inc., who offered him a 3 month project on the optical industry practices. Victor realizes that such a project could reveal Fibroptica's trade secrets indirectly. However, he decides he will be very careful and acceptsLensmakers' offer. If he does not inform his employer about this project, he will

A. not have violated any AIMR code since the project does not give rise to a conflict of interest with Amro's business.
B. have violated Standard III (C) - Disclosure of Conflicts to the Employer.
C. have violated Standard III (B) - Duty to the Employer.
D. have violated Standard III (D) - Disclosure of Additional Compensation Arrangements.