What is the position of the MTA Code of Ethics as it pertains to trading on inside information?

What is the position of the MTA Code of Ethics as it pertains to trading on inside information?
A . Under no circumstances is insider trading allowed
B . The Code of Ethics takes no position on insider trading
C . Insider trading which violates the laws/regulations of any governmental or regulatory agency is prohibited
D . Inside information may be disseminated but not acted upon

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Answer: C