You Are an Investment Adviser Representative

You are an investment adviser representative. Your client, Mr. I. M. Pulse, calls you with what he thinks is exciting news. He just passed a restaurant and saw Microsoft's Bill Gates having lunch with a local entrepreneur who owns a small firm in the computer software industry that trades on the OTC pink sheets. He is sure that this means Microsoft is negotiating a purchase of the smaller company and instructs you to take the cash balance in his account and buy shares of the local company. You should

A) tell Mr. I.M. Pulse that this would be an illegal insider trade and that you are unable to fulfill his request.
B) call your supervisor and alert him immediately of Mr. Pulse's attempt to have you place an illegal order on his behalf in case Mr. Pulse decides to place the order elsewhere.
C) advise Mr. Pulse that he may be jumping the gun, but place the order if he insists.
D) do both A and B.