Several years ago, Chase Basanta, CFA, co-founded an investment club. The club is fully invested but has not actively traded in its account for at least a year and does not plan to resume active trading of the account. Basanta's employer requires an annual disclosure of employee stock ownership. Basanta discloses all of his personal trading accounts, but does not disclose his holdings in the investment club. Basanta's actions are least likely to be a violation of which of the CFA Institute Standards of Professional Conduct?

Explanation: There is no indication that the investment club is trading ahead of clients.