问题如下：
Smith is a financial analyst with XYZ Brokerage Firm. She is preparing a purchase recommendation on JNI Corporation. Which of the following situations is most likely to represent a conflict of interest for Smith that would have to be disclosed?
选项：
A.Smith frequently purchases items produced by JNI.
B.XYZ holds for its own account a substantial common stock position in JNI.
C.Smith’s brother-in-law is a supplier to JNI.
解释：
B is correct.
This question involves Standard VI(A) –Disclosure of Conflicts—specifically, the holdings of an analyst’s employer in company stock. Answers A and C do not describe conflicts of interest that Smith would have to disclose.
Answer A describes the use of a firm’s products, which would not be a required disclosure. In answer C, the relationship between the analyst and the company through a relative is so tangential that it does not create a conflict of interest necessitating disclosure.
S是XYZ经纪公司的分析师，他准备购买JNI公司的建议。
A选项，如果S频繁购买JNI公司的建议，S是否需要披露，如果不披露直接采用别人的建议应该违反code吧
B选项，XYZ持有大量JNI公司股票，S是否只要披露就可以继续出研究报告？但是最好放入限制性清单不碰？
C选项，无关。
请老师帮着分析一下。谢谢
