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Over the past two days, Lorraine Quigley, FRM, manager of a hedge fund, has been purchasing large quantities of Craeger Industrial Products' common stock while at the same time publicly recommending the stock. This activity raises concerns about potential market manipulation. According to the GARP Code of Conduct, which of the following statements is most accurate?
A
This activity is permitted as long as the recommendations are based on thorough analysis.
B
This activity constitutes market manipulation and violates the Code.
C
This activity is permitted if disclosed to clients.
D
This activity is permitted if the fund's investment policy allows it.