Ricardo Torres, CFA, is a well-respected telecommunications analyst for PegasusAdvisers. He is known for his thorough analysis, including interviews with suppliers,customers, and competitors. Torres has a strong following, and his research reportscan often materially affect the market. As a result, Pegasus limits the distribution ofhis reports to Pegasus clients. What CFA Institute Standard of Professional Conduct has Torres most likelyviolated?
A.Standard II(B). Market Manipulation
B. Standard Il(B).Fair Dealing
C. None of the above
老师 这是一道ethics的题目，答案给出的结果是C，题目中没有说明这是给付费客户的情况，我认为存在明显的选择性披露，请问老师应该如何理解呢
