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Sharon Fischer manages an equity mutual fund, and she uses soft dollars generated on this account to obtain municipal bond research for an associate whose fund is small and does not generate a sufficient level of soft dollars for his municipal bond research needs. With regard to this action, which of the following statements is most accurate? This action is: A. not permissible; Fischer is in violation of her fiduciary duties. B. not permissible; Fischer is not in violation of her fiduciary duties. C. permissible; Fischer is not in violation of her fiduciary duties. |