Explanation

Violation Analysis:

• Statement 1: "I passed the CFA exam in three consecutive years" - This is a factual statement about his exam history and does not violate any Standards.

• Statement 2: "I enrolled in the CFA Program to obtain the highest set of credentials in the global investment management industry" - This violates Standard VII(B) - Reference to CFA Institute, the CFA Designation, and the CFA Program. The statement implies that the CFA designation is superior to other professional credentials, which is prohibited.

Key Points:

• Standard VII(B) prohibits members from making promotional statements that imply the CFA designation is superior to other professional designations
• Members should not refer to the CFA designation as "the highest" or "superior" to other credentials
• Factual statements about exam history and personal goals are permissible

Correct Answer: C - Yes, by stating that he took the CFA exam to obtain highest set of credentials in the global investment management industry