单选题 Which of the following conclusions about the semi-strong form of the efficient market hypothesis (EMH) and the strong-form EMH is FALSE??

• A. If the strong form of market efficiency were true, there would be no need for insider trading laws.
• B. Neglected firms (i. e. those firms with a small number of analysts following them) tend to underperform the market.
• C. Professional money managers, as a group, have not been able to produce returns that consistently exceed the market.