An analyst fails to separate fact from opinion in her research report. This is most likely a violation of:

(A) Standard V(A) Diligence and Reasonable Basis
(B) Standard V(B) Communication with Clients
(C) Standard I(C) Misrepresentation
(D) Standard III(C) Suitability

The answer is: (B) Standard V(B) Communication with Clients
Analysts must distinguish between fact and opinion in their communications with clients.