Ralph Malone, CFA, is an investment adviser at a multinational finance corporation. He has many wealthy individuals among his clients, including a trust account that benefits three of his immediate family members. The research department of Malone's firm issues a "buy" recommendation on a stock-that would be a suitable investment for several client accounts, including the family trust account. Which of the following would be considered a violation of the Standard concerning priority of transactions?

A.The firm gives clients time to act on the new recommendation,but does not make its recommendation public before buying 100,000 shares for its own account.

B.Malone trades on the family account shortly after his firm's clients have been informed of the buy recommendation.

C.Malone waits to trade for the family account until four days after his firm's clients have been informed of the buy recommendation.