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Marc Schultz manages an equity mutual fund, and he uses soft dollars generated on this account to obtain equity research to assist him in managing the portfolio. With regard to this action, which of the following statements is CORRECT? This action is: A. permissible; Schultz is not in violation of his fiduciary duties. B. not permissible; Schultz is in violation of his fiduciary duties. C. not permissible; Schultz is not in violation of his fiduciary duties. |