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Hillary Jones, CFA, sometimes promises clients that she will allocate more shares from oversubscribed initial public offerings (IPOs) than she knows she will actually be able to deliver. Her employer has reprimanded her in the past for similar behavior. Which of the following statements is least accurate regarding Jones' behavior? A. Her actions are a violation of the standard concerning misrepresentation, because she promised something she knew the firm could not deliver. B. Her actions are a violation of the Standards only if prosecution results in a felony conviction. C. Her actions are a violation of the standard concerning professional misconduct because she deceived her clients. |