Neiman Investment Co. receives brokerage business from Pick Asset Management in exchange for referring prospective clients to Pick. Pick advises clients-in writing, at the time the relationship is established-of the nature of its arrangement with Neiman. With regard to this practice, Pick has:(Notes P94)
A. complied with the Code and Standards.
B. violated the Code and Standards by failing to preserve the confidentiality of the agreement with Neiman.
C. violated the Code and Standards by participating in an agreement that creates a conflict of interest.