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Answer: Yes, for both Account 1 and Account 2
According to Standard VI(A) - Disclosure of Conflicts, members and candidates are considered beneficial owners of securities if they have a direct or indirect pecuniary interest, the power to vote or direct voting, or the power to dispose or direct the disposition of the securities. In this case, the member has voting power over Account 1 and discretionary authority over Account 2, meeting the criteria for beneficial ownership in both accounts. Thus, the correct answer is **C**.
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A member manages two fee-paying family accounts at her firm. The member has the authority to vote on shares in Account 1 and the discretion to sell shares in Account 2. Under the CFA Institute Standards, is the member deemed a beneficial owner of the shares in these accounts?
A
No
B
Yes, but only for Account 1
C
Yes, for both Account 1 and Account 2
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