After publishing a favorable report on a stock, an analyst was asked to appear on a television program to discuss the reasons for the bullish recommendation. Which of the following best describes how the analyst may communicate about the stock to others?
A) The analyst may communicate about the stock to clients and prospective clients only if he has disclosed personal or firm holdings of that security.
B) The analyst may not communicate about the stock to prospective clients but may discuss the stock with current clients.
C) The analyst may communicate about the stock and is not required to disclose any positions he or his firm holds in the stock.
D) The analyst may not communicate about the stock to any other parties.
Answer: A) The analyst may communicate about the stock to clients and prospective clients only if he has disclosed personal or firm holdings of that security.