Bob Wade, CFA, a senior trust manager for Central Midas Bank, manages derivative investments for aggressive clients. Wade has an agreement to refer clients with real estate needs to Carol Corky, who is in charge of a local real estate brokerage firm. Corky, in return, refers his clients with investment needs to Wade. Neither of them pays the other any cash for the referrals, and neither of them mentions the agreement to their clients or prospective clients. Has Wade most likely violated the Standards of Professional Conduct（）
A. No.
B. Yes, relating to referral fees.
C. Yes, relating to communication with clients and prospective clients.
