Beth Anderson, CFA, is a portfolio manager for several wealthy clients including Reuben Carlyle. Anderson manages Carlyle's personal portfolio of stock and bond investments. Carlyle recently told Anderson that he is under investigation by the IRS for tax evasion related to his business, Carlyle Concrete. After learning about the investigation, Anderson informs a friend at a local investment bank so that they may withdraw their proposal to take Carlyle Concrete public. Anderson has most likely:

A.Violated the Code and Standards by failing to maintain the confidentiality of her client's information.

B.Violated the Code and Standards by failing to detect and report the tax evasion to the proper authorities.

C.Not violated the Code and Standards since the information she conveyed pertained to illegal activities on the part of her client.