Which of the following statements is true in relation to Ashley$$s reallocation of Bill Jackson$$s investment assets?

FINRA would find that these investments were unsuitable for Bill.

Ashley would be held harmless against a claim of unsuitability because she, in fact, conducted some research on the stocks before instructing the broker to place the buy orders.

Her actions are a prime example of churning.

If Ashley had discretion over Bill$$s account, she was entirely within her rights to make the penny stock purchases.