Select the following correct answer and which code and standard is most likely breached. 2 marks for each correct selection, 1 mark for linking to correct CFA standard. 1. Mark Butler, an investment adviser, has two clients: Larry King, 60 years old, and Gabriel Lanai, 40 years old. Both clients earn roughly the same salary, but King has a much higher risk tolerance because he has a large asset base. King is willing to invest part of his assets very aggressively; Lanai wants only to achieve a steady rate of return with low volatility to pay for his children's education. Butler recommends investing 20 percent of both portfolios in zero- yield, small-cap, high-technology equity issues. Did Butler's statements to King and Lanai violate the CFA Institute Code and Standards? A. Neither statement violated the Code and Standards B. Only in King's case did Butler violate the Code and Standards C. Only in Lanai's case did Butler Violate the Code and Standards The standard breached is