Mary smith is setting up an investment advisory business in the town in which she grew up. she has known the mayor of the community since childhood. she places an advertisement in the local newspaper that quotes the mayor saying, "i have known mary smith since childhood and we are fortunate to have someone with her expertise and integrity locating her investment advisory business in our community." this advertisement would be:
a. acceptable as long as it stated whether the mayor was receiving more than a nominal fee for his statementb. acceptable as long as the advertisement contained a footnote describing the mayor's qualificationsc. a violation of the ia act of 1940 and, therefore, prohibitedd. prohibited because a mayor is not qualified to comment on the competence of an investment adviser