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Grace Lee, CFA, is an investment advisor whose client's investment policy statement specifies an equal-weighted portfolio of consumer durables, clean energy, and technology stocks. Due to superior performance, the portfolio has become significantly overweight in technology stocks. Lee expects this trend to continue for another year and decides against rebalancing. Has Lee violated any CFA Institute Standards?
A
No, Lee has not violated any Standards.
B
Yes, Lee has violated only the Standard relating to suitability.
C
Yes, Lee has violated both the Standard relating to suitability and the Standard relating to loyalty, prudence, and care.