2. James Woods, CFA, is a portfolio manager at ABC Securities. Woods has reasonable grounds to believe his colleague, Sandra Clarke, a CFA Level II candidate, is engaged in unethical trading activities that may also be in violation of local securities laws. Woods is not Clarke's supervisor, and her activities do not impact Woods or any of the portfolios for which he is responsible. Based on the Code and Standards, please select and explain the recommended course of action is for Woods to: A) not take any action because he is not directly involved. B) report Sandra Clarke to ABC's trading supervisor or compliance department. C) report Sandra Clarke to the appropriate governmental or regulatory organization