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NEW QUESTION: 1
Data Droid manages several investment accounts and directs most of the client transactions through Lore's brokerage firm. Lore provides him with excellent, reliable research, though his commissions are higher than industry standards. The research is used to manage all the client accounts. Data has just been approached by the Troy brokerage firm, which is a newcomer in the business. While this firm does not provide any research, it charges commissions that are significantly lower than those charged by Lore. If Data decides to stay with Lore's brokerage firm
A. he has violated the code of ethics, which requires him to keep the expenses to a minimum.
B. has not violated the code since he has a long-standing relationship with Lore.
C. has not violated the code if Lore's research justifies the additional expenses.
D. has violated the code by violating the Prudent Man Rule.
Standard IV (B.1) - Fiduciary Duties