As the Managing Director of a commercial bank, a CFA charterholder sat in on a board meeting of a publicly listed company that the bank had lent a large sum of money. The purpose of the board meeting was to renegotiate the terms of the commercial loan due to the pending restructuring of the company. The next day all of the Managing Directors shares of the publicly listed company are sold on the stock exchange, the sell order having been given two days prior to the meeting. According to the Standards of Practice Handbook, the CFA charterholder was least likely in violation of which CFA Institute Standards of Professional Conduct? A. Disclosure of Conflicts. B. Priority of Transactions. C. Material Nonpublic Information.