Investment advisor Ronald Chung is working at his desk when one of his biggest clients, a sophisticated investor with a $$2$ million portfolio, calls in and asks to place a trade for a very risk penny stock that trades on the TSX Venture Exchange. Mr$.$ Chung does not think this is a suitable investment. According to the Code of Ethics $...$

Question $4$ options:

Mr$.$ Chung should consult with his supervisor and have his supervisor speak with the client.

Mr$.$ Chung must not accept the order.

Mr$.$ Chung must accept the order.

Mr$.$ Chung must provide appropriate cautionary advice.