Question 38 Not yet answered Marked out of 2.50 Flag question During a round of golf, Smith, CFO of ABC Inc., mentions to Jones, a local investment adviser, and a long-time personal friend, that ABC Inc. is having an exceptional sales quarter. Smith expects the results to be almost 10% above the current estimates. The next day, Jones initiates the purchase of a large stake in the local exchange-traded fund (ETF) for her personal account. ABC Inc. comprises a significant proportion of this ETF. Pick the best option from below. a. Jones violated the CFA Code of Ethics and Professional Standards by investing in the exchange traded fund that included ABC Inc. O b. Jones did not violate the CFA Code of Ethics and Professional Standards because she did not invest directly in the securities of ABC Inc. O c. Smith did not violate the CFA Code of Ethics and Professional Standards because the comments made to Jones were not intended to solicit an investment in ABC Inc