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Min Joon, CFA, works in the client services department of an investment firm. He has been short-selling stocks in his personal account, anticipating a market decline. His transactions do not harm his firm's clients. After a market surge, Joon cannot cover his short positions and declares personal bankruptcy. Did Joon violate any CFA Standards?
A
No, Joon did not violate any CFA Standards.
B
Yes, Joon violated the Standard related to misconduct (Standard I(D)).
C
Yes, Joon violated the Standard related to loyalty, prudence, and care (Standard III(A)).