Will Lambert, CFA, is a financial analyst for Offshore Investments. He is preparing a purchase recommendation on Butch Corporation for internal use. According to the CFA Institute Standards of Professional Conduct, which of the following statements about disclosure of conflicts is not required Lambert would not need to disclose to his employer:（）
A. offshore is an OTC market maker for Butch Corporation’s stock.
B. his wife owns 2000 shares of Butch Corporation.
C. he is a beneficiary of a pension plan of his former employer that owns a large number of shares of Butch’s stock.