Question 1 of 30
Anya Sharma is a buy-side equity trader at a large Canadian pension fund. Her portfolio manager, Ben Carter, instructs her to aggressively buy 50,000 shares of \"TechCo\" at the market opening. Ben believes positive, yet unconfirmed, industry news will significantly boost TechCo\'s stock price immediately after the opening bell. However, Anya\'s internal compliance system flags the order, raising concerns about potential market manipulation due to the order\'s size and the knowledge of impending news. Anya knows that UMIR emphasizes just and equitable principles of trading. Considering Anya\'s duty as a trader and the potential regulatory implications, what is the MOST appropriate course of action for Anya?
Immediately consult with the compliance department and potentially seek legal counsel to assess the potential for market manipulation before executing any part of the order, ensuring any trading activity adheres to regulatory requirements and maintains market integrity.
Execute the order as instructed by Ben, as her primary duty is to fulfill the portfolio manager's instructions and capitalize on the anticipated price increase, documenting the rationale for the trade after execution.
Modify the order to buy 25,000 shares at the opening and the remaining 25,000 shares throughout the day to reduce the immediate impact on the market, without informing compliance to avoid delays.
Partially execute the order by buying a small number of shares (e.g., 5,000) at the opening to test the market reaction and then decide whether to proceed with the remaining portion, without seeking compliance approval.

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