Explanation:
Explanation:
According to Standard I(D): Misconduct, CFA members must not engage in any professional conduct involving dishonesty, fraud, or deceit, or commit any act that reflects adversely on their professional reputation, integrity, or competence. Overcharging the charity constitutes fraud and reflects poorly on Melmo's professionalism and her employer's reputation.
While Standard IV(A): Loyalty requires members to act in their employer's best interest, working for the charity on weekends does not inherently violate this standard unless it conflicts with her duties at GI. However, the overcharging issue is a clear violation of Standard I(D).
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Rita Melmo, CFA, an analyst at Green Sky Investments (GI), works weekends for a local charity, negotiating purchase agreements without disclosing this to GI. She arranges a truck purchase for the charity, charging $500 above the normal sale price, and receives $500 in retail vouchers for personal use. Which Standards has Melmo most likely violated?
A
By not disclosing her charity employment to GI.
B
By negotiating a purchase agreement where the charity is overcharged for the truck.
C
Both by not disclosing her charity employment to GI and by overcharging the charity for the truck.
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