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Answer: Yes, by stating that he achieves better investment performance results as a CFA charterholder.
According to **Standard VII(B)**, Reference to CFA Institute, the CFA Designation, and the CFA Program, CFA charterholders are encouraged to use the designation in a manner that does not misrepresent or exaggerate its meaning or implications. - **Option A** is incorrect because Lee's claim of superior investment performance results as a CFA charterholder violates Standard VII(B). - **Option B** is incorrect because stating the fact of passing all three exams in three consecutive years does not violate the Standards. - **Option C** is correct because Lee's assertion of achieving better investment performance results as a CFA charterholder implies superior ability, which violates Standard VII(B).
Author: LeetQuiz Editorial Team
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Kelvin Lee, CFA, is a portfolio manager at an investment firm. His social media profile states: "Kelvin Lee passed all three CFA examinations in three consecutive years. As a CFA charterholder, Lee achieves better investment performance results." Has Lee violated the CFA Institute Standards of Professional Conduct?
A
No, Lee has not violated the Standards.
B
Yes, by stating that he passed all three CFA Program examinations in three consecutive years.
C
Yes, by stating that he achieves better investment performance results as a CFA charterholder.
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