Which penalty applies to prohibited transactions?

A$)$

Transactions that continue uncorrected into subsequent years are not subject to additional penalties.

B$)$

The transaction must be corrected and the plan placed in a financial position no worse than if the transaction had never occurred.

C$)$

A tax equal to $15\%$ of the amount involved applies unless it can be demonstrated that the transaction satisfies ERISA$$s fiduciary standards.

D$)$

Plan participants who engage in prohibited transactions are subject to income tax on a judicially determined amount.