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Answer: By both stating, "CFA charterholders achieve better performance results" and stating, "As a CFA charterholder, I am the most qualified to manage client investments."
**Explanation:** Both statements made by Timothy Charles violate **Standard VII(B)**, which governs references to CFA Institute, the CFA designation, and the CFA Program. The first statement, "CFA charterholders achieve better performance results," implies superior performance can be expected from CFA charterholders. The second statement, "As a CFA charterholder, I am the most qualified to manage client investments," overstates the competency of the individual. Under Standard VII(B), such claims are prohibited as they misrepresent the capabilities associated with the CFA designation and could mislead clients or employers. The standard emphasizes the importance of maintaining the integrity of the CFA designation by avoiding exaggerated or unsubstantiated claims.
Author: LeetQuiz Editorial Team
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Timothy Charles, CFA, applies for a role as an investment analyst. In his resume, he states, "CFA charterholders achieve better performance results." He adds, "As a CFA charterholder, I am the most qualified to manage client investments." Charles has most likely violated the Standards:
A
Only by stating, "CFA charterholders achieve better performance results."
B
Only by stating, "As a CFA charterholder, I am the most qualified to manage client investments."
C
By both stating, "CFA charterholders achieve better performance results" and stating, "As a CFA charterholder, I am the most qualified to manage client investments."
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