A registered representative has a long$-$term customer who works in a bank. The representative tells the customer that he wants to buy a new house and has started to look for a mortgage. The customer informs the representative that because of their relationship, she can get the representative a better mortgage interest rate than is available to the general public. Which statement is TRUE about this?

A This is prohibited because representatives connot borrow from their customers

B This is prohibited becouse of the preferential rate

C This is permitted because banks are in the business of lending money

This is permitted because there is a long$-$standing customer relationship