A CFA advises several university endowment funds. The CFA previously advised clients to buy a company that has now underperformed the market. One client has called the CFA and desires to sell. The CFA still believes the firm's stock is a good investment and recommends that the client hold the stock. Since the stock is thinly traded the CFA buys 1,000 shares in his/her personal account in order to boost the stock price, with the intent of reversng the trade in a few days. After making the purchase, the stock price rises, allowing the CFA to convince the client to maintain the position in the stock. Has the CFA violated the Standard on market manipulation? Yes, because he failed to consider the stock's current price in relation to its true value No, because he made the trades for the benefit of the client Yes, because he/she intended to interfere with the market price of the stock