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Lee Hurst, CFA, is an equity research analyst for a long-term investment fund. His annual bonus is linked to quarterly trading profits. Under a new policy, the quarterly assessment period is switched to a monthly assessment period. According to the Code and Standards, best practices dictate: A. updating disclosures when the policy change is implemented. B. requiring Hurst to obtain permission from each client prior to implementation of the new policy. C. keeping the policy change private as a trade secret. |