Fern Baldwin, CFA, as a representative for Fernholz Investment Management, is compensated by a base salary plus a percentage of fees generated. In addition, she receives a quarterly performance bonus on a particular client’s fee if the client’s account increases in value by more than 2 points over a benchmark index. Baldwin had a meeting with a prospect in which she described the firm’s investment approach but did not disclose her base salary, percentage fee, or bonus. Baldwin has :()
A. violated the Standards by not disclosing her salary, fee percentage, and performance bonus.
B. violated the Standards by not disclosing her performance bonus.
C. not violated the Standards because employment compensation arrangements are confidential and should not be disclosed to clients.