Answer Happy

Anabella Marconi is a junior industry analyst with Trackstar Blue, an investment advisory service firm. She has been assigned to follow 3 different firms in the telecommunication industry and reports directly to the senior manager, Constantine Naples. Constantine manages 9 other analysts and has to frequently visitTrackstar's other offices around the country. Recently, Anabella received a "friendly tip" from her friend, Socorro Shue, who works for Quicktel Com, one of the firms that Anabella is following. Socorro informed Anabella about an ultra-fast broadband channel that was about to be released by Quicktel. The channel had the potential to catapult Quicktel from the minor league to competing with national telecom giants. Anabella quickly prepared a memo for Constantine advising him of her change in the recommendation on Quicktel from hold to buy. Constantine briefly discussed the reasons with her and asked her to circulate the memo amongst the portfolio managers. Shortly thereafter, he left for San Francisco for a 10-day business trip. Anabella conferred with the portfolio managers, who then bought a substantial stake in Quicktel in the open market.I. Anabella has not violated any AIMR code but Constantine has violated Standard III (E) - Responsibilities of Supervisors.II. Anabella has violated Standard III (B) - Duty to Employer.III. Anabella has violated Standard IV (B.3) - Fair Dealing.IV. Anabella has violated Standard V (A) - Prohibition against Use of Non-Public Information.

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