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During the last 5 months, Natalie Kirkland, a senior investment manager with Dakota Securities, has been recommending those of her clients looking to retire in

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During the last 5 months, Natalie Kirkland, a senior investment manager with Dakota Securities, has been recommending those of her clients looking to retire in the next 5 yea rs to buy Lyert Trading Ltd. shares as a suitable mediumtolongterm investment. Natalie herself is looking to retire within this time frame and has advised her clients accordingly. During the last 5 months she has acquired over 4,000 shares in Lyert Trading Ltd. Due to a sudden illness in her family, Natalie sold all of her shares in Lyert Trading Ltd. to assist in meeting unexpected immediate expenses and only advised her clients following the sale. A gain of over 50% was made on the sale of Lyert Trading Ltd. shares by Natalie. Which statement best describes Natalie's situation? of She has breached the CFA Standards as the personal transaction runs counter to current client investment recommendations. b] She has breached the CFA Standards as her clients are disadvantaged by the sale of Lyert Trading Ltd. shares due to the gain made on sale. c] Given the circumstances she has not breached the CFA Standards. d] Both a) and b}. e} None of the above

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