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[单选题]

New Coal Corp. (NCC) is a small company that claims to have a proprietary formula that converts coal into a clean energy source. NCC hires Amanda Covington, CFA, to prepare a research report on the company. Amanda relies on NCC for information on the formula's effectiveness. Anxious to issue the report, he does not confirm the information with other sources. NCC widely distributes Amanda's research report and posts it on the corporate website. NCC's stock price rises from $7 to $35 per share in the following twelve months. Senior NCC management takes the opportunity to sell all of their company shares. According to the Standards of Practice Handbook, did Amanda violate any CFA Institute Standards of Professional Conduct?

A.No.

B.Yes,because his report was based on material nonpublic information.

C.Yes,because he failed to have a reasonable and adequate basis for his research report.

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