Dayon Grimley has been working as a Tech Sector analyst with an advisory firm for the past 3 years. Recently, he read an

[answerhappygod]

Dayon Grimley has been working as a Tech Sector analyst with an advisory firm for the past 3 years. Recently, he read an analytical report by Sam Swetson about the trends and research developments in the computer chips industry. The report was an in-depth analysis of how the industry had developed, where it seemed to be headed and what impact the developments could have on the growth of the entire industry. In a footnote, Sam had speculated about a secret, ultra- fast chip rumored to be under development by Chipcorn, Inc. Dayon decided to pursue this line of research and called up a highly placed official at Chipcorn.While the official did not confirm or deny the existence of the ultra-fast chip, he did reveal enough for Dayon to conclude that the development was, in fact, in the final stages and the chip could be out in the market in as little as 3 months. He quickly modified Sam's report, with a separate section on the super-chip and recommended that his clients increase the weighting on tech stocks by 20%. The report made no mention about his interview with Chipcorn official nor SamSwetson's report. Dayon has:I. violated Standard II (C) - Prohibition against Plagiarism.II. violated Standard II (B) - Professional Misconduct.III. violated Standard IV (A.1) - Reasonable Basis & Representations.IV. violated Standard V (A) - Prohibition against Use of Material Nonpublic Information.

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