单选题 In order to dispel the myth that the emerging market stocks are illiquid investments, NYK, a "long only" emerging market fund manager, has two of its subsidiaries simultaneously buy and sell emerging market stocks. In its marketing literature, NYK cites the overall emerging market volume as evidence of the market's liquidity. As a result of its actions, more investors participate in the emerging markets fund. Which of the following is most likely correct? NYK:

A. did not violate the Code and Standards.
B. violated the Code and Standards by manipulating the volume in the emerging securities markets.
C. would not have violated the Code and Standards if the subsidiaries only traded stocks included in the fund.

【正确答案】 B

【答案解析】[解析] 本题主要涉及执业操守标准Ⅱ(B)(市场操纵)的相关规定。由本题题干可知，NYK公司安排其两家子公司进行新兴市场股票交易的主要目的是操纵该市场的流动性，从而为其管理的基金吸引更多的投资。显然，本题中市场交易量的上升并不是基于市场机制，相关交易策略的目的也不是使投资者从中获益。因此，NYK公司的相关活动违反了执业操守标准Ⅱ(B)(市场操纵)的相关规定，本题的正确选项为B。