Daniel Lyons, CFA, is an analyst who covers several stocks including Horizon Company. Lyons's aunt owns 30,000 shares of Horizon. She informs Lyons that she has created a trust in his name into which she has placed 2,000 shares of Horizon. The trust is structured so that Lyons will not be able to sell the shares until his aunt dies, but may vote the shares. Lyons is due to update his research coverage of Horizon next week. Lyons should most appropriately:

A.Update the report as usual because he is not a beneficial owner of the stock.

B.Advise his superiors that he is no longer able to issue research recommendations on Horizon.

C.Disclose the situation to his employer and,if then asked to prepare a report,also disclose his beneficial ownership of the shares in his report.