B选项能否用中文解释下？

问题如下：

In the third scenario, which policy presented by the chief compliance officer would least likely be fully compliant with Standard V: Investment Analysis, Recommendations, and Actions?

选项：

A.Policy 1

B.Policy 2

C.Policy 3

解释：

1. Incorrect. Policy 1 and Policy 3 are both consistent with Standard V(B): Communication with Clients and Prospective Clients.

2. Correct. Policy 2 (“If a capsule or condensed form of a recommendation is utilized in social media communications, reasonable efforts should be made to notify all clients about the social medial post.”) is not fully compliant with Standard V: Investment Analysis, Recommendations, and Actions. When using social media, every effort should be made to treat clients fairly. However, to be consistent with Standard V(B), when utilizing capsule form or a condensed form of communication, clients should be notified that additional information and analyses are available from the producer of the report. Notifying all clients that a social media post has been made does not meet this requirement. Specifically, Standard V(B): Communication with Clients and Prospective Clients states Members and Candidates must: 1) Disclose to clients and prospective clients the basic format and general principles of the investment processes they use to analyze investments, select securities, and construct portfolios and must promptly disclose any changes that might materially affect those processes; 2) Disclose to clients and prospective clients significant limitations and risks associated with the investment process; 3) Use reasonable judgment in identifying which factors are important to their investment analyses, recommendations, or actions and include those factors in communications with clients and prospective clients; and 4) Distinguish between fact and opinion in the presentation of investment analysis and recommendations. Policy 1 (“When discussing earnings estimates, caution should be exercised to avoid overconfidence regarding the accuracy of the earnings model.”) and Policy 3 (“Significant changes in risk characteristics for either a security or asset strategy should be communicated to all clients.”) are both consistent with Standard V(B): Communication with Clients and Prospective Clients.

3. Incorrect. Policy 1 and Policy 3 are both consistent with Standard V(B): Communication with Clients and Prospective Clients.

• recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct