Bob Martino is sanctioned by his state board of accountancy for his association with false and misleading financial statements of his employer, Jones Consulting, LLC, a private company. Which of the following situations is the least likely result of the state board's action?

a. The state board could suspend or revoke Bob's CPA license

b. Bob could lose his membership in the AICPA or a state CPA society.

c. Bob could become the subject to significant legal liabilities.

d. The Securities and Exchange Commission could fine Bob.